Hoskinson on ETHGate: XRP Never Threatens ETH, It Has No Smart Contracts

• Hoskinson said XRP never threatened ETH, pointing out the fundamental differences.
• He added that ETHGate represents an unequal application of law, not corruption.
• Ripple’s CTO disagrees, arguing that corruption is at play when a government actor demonstrates favoritism.

The ETHGate scandal, which borders on the allegation of the member of the Ethereum community supposedly bribing officials of the U.S. regulator, is never subsiding as Cardano founder Charles Hoskinson fervently counters the claims from the XRP enthusiasts.

In a recent tweet, Hoskinson reaffirmed his stance on the matter, emphasizing that Ripple (XRP) was not in the same category as Ethereum, much less becoming a threat to it. Hoskinson pointed out the fundamental differences in the XRP and ETH makeup. 

He noted the absence of smart contracts in XRP’s ecosystem and argued that while Ethereum focused on proof of work, Ripple targeted banks to foster remittance relationships. 

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