Charles Hoskinson, founder of Cardano (ADA), has extended an official apology to the XRP community, retracting previous comments that fueled tension between the two blockchain networks. In a video posted on X (formerly Twitter), Hoskinson acknowledged past disagreements and expressed interest in collaborating with Ripple’s XRP Ledger. This gesture reflects a significant shift in tone and signals a possible new phase of cooperation between the Cardano and XRP communities.
The recent reconciliation follows a long-standing dispute rooted in the ETH Gate controversy, which alleged that Ethereum, with SEC support, unfairly targeted Ripple and XRP. Initially, Hoskinson, a co-founder of Ethereum, dismissed these allegations. However, based on the opinion that his stand looks down on the XRP community, calls for an apology previous to this were made. At first, Hoskinson declined to apologize for the backlash and rumors that he had received from XRP supporters. It is specifically viewed now as an attempt towards appeasement to address problems and negotiate cooperation.
Also Read: Ripple Executes Massive Half-Billion XRP Transfer Amid Surge to $0.578, Blockchain Data Reveals
ADA and XRP Prices Rise Amid Hints of Collaboration
The potential collaboration between Cardano and Ripple has positively impacted both ADA and XRP’s market performance. ADA has risen by 10.89% within the last 24 hours of trading, while XRP gained 3.50%. Charles Hoskinson apologizes to the XRP community, paving the way for a potential partnership and collaboration between Cardano and Ripple. Currently, XRP is priced at $0.5933, and ADA is trading at $0.5954. Even though both these cryptocurrencies are still a long way off their record highs, there is undoubtedly optimism about this price increase.
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Hoskinson’s apology and gesture toward partnership open up possibilities for joint projects, including Cardano potentially assisting Ripple in launching RLUSD, Ripple’s stablecoin initiative. This move could signify a new beginning for both blockchain communities, redirecting their focus from past differences toward future collaboration.
Also Read: Ripple CEO Foresees Brighter Days for XRP Amid Potential SEC Revamp
Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.