Cardano (ADA) and XRP ‘Fight’: Understand What's Going On
The faces behind Cardano (ADA) and XRP got into a fight recently, even though they are projects with different fundamentals. But why did this happen? After all, both altcoins have dissimilar value propositions. While Cardano is consolidating as a decentralized smart contract platform, XRP is focused on being a token for low-fee cross-border payments.
What altcoins do have in common is that they have a strong community, and this is exactly what Charles Hoskinson, founder of ADA, attacked XRP on. According to the entrepreneur, the seventh-place altcoin community is toxic and petty. However, this was not Hoskinson's only claim. He also claimed that the project developed by Ripple lacked partnerships and value, and that he was cutting ties with XRP for these reasons. The Cardano creator's accusations came shortly after the XRP community called him a liar.
Hoskinson had stated, citing reliable sources, that the SEC's case against Ripple would close on Dec. 15, 2022. However, the fight that started in 2020, still has not ended, and this was a reason for XRP supporters to riot and attack the entrepreneur. Ripple CTO David Schwartz responded to the American businessman. Schwartz, either intending to calm tempers or simply preparing a surprise for XRP holders, said that Hoskinson should wait a few days and then get back to the publication to make sure that is what he meant.
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