Ethereum co-founder says Ethereum Classic is a scam

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Charles Hoskinson slammed Ethereum classic crypto as a garbage & scam project.

Charles Hoskinson is the founder of the Cardano blockchain network & also contributed to the Ethereum blockchain in the early phase. Initially, Ethereum Classic (ETH) was the main project under the current Ethereum project team but due to a blockchain code vulnerability, the Ethereum project team forked the Ethereum blockchain & established new development works on the newly forked blockchain of Ethereum. It is better to call the current Ethereum as Ethereum 2.0 and Ethereum classic as a real Ethereum. 

On 19 May 2023, Charles Hoskinson responded to a tweet over the Ethereum Classic (ETH) vs Ergo (ERG) dispute and said that Ethereum classic is now not more than a scam project because the project has no vision, plans, or team. 

Hoskinson also appreciated the role of the Ergo crypto project and said that Ergo is that level of project, where ETC should be. 

This is a bitter reality that Ethereum Classic has no team & no vision but the more bitter reality is people are still hopeful with the ETC classic investment. 

The current rank of this token in the crypto sector is 25 by market cap. Earlier this, many crypto experts alleged that ETC’s market price is a part of market manipulation because of the early big holders. 

ETC price action

The current trade price of the ETC coin is $18.25 & this trade price is 11.3% down over the last 30 days of trade price. 

Read also: CFTC will target Defi platform issuers to regulate the Defi industry

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