Cardano Founder Refutes Reports About Ethereum ‘Dictatorship’ Claims

Cardano Founder Charles Hoskinson recently addressed concerns and media reports regarding the governance model of Ethereum. In an interview during the TOKEN2049 conference in Singapore, Hoskinson, who also co-founded Ethereum, expressed his views on the centralization of decision-making within the Ethereum network. 

He critiqued the heavy reliance on co-founder Vitalik Buterin but clarified that his comments were more about structural observations rather than personal criticisms.

Cardano Founder Clarifies His Take on Ethereum Governance

Replying to recent headlines by the Cointelegraph, Cardano Founder Charles Hoskinson articulated his perspective on Ethereum’s governance structure. During his explanation, Hoskinson emphasized that while Vitalik Buterin is a central figure in Ethereum’s decision-making process, the blockchain also relies on a broader community and the Ethereum Foundation for major decisions. 

Hoskinson’s critique stems from a concern over what he perceives as a top-heavy governance model, which he believes contrasts with the decentralized approach of Cardano’s new governance model.

Hoskinson further explained that his remarks were intended to highlight structural challenges within Ethereum’s governance, rather than direct criticism towards Vitalik Buterin personally. He noted that although Buterin’s influence is significant, it does not equate to absolute control. 

Concurrently, he noted that decision-making involves various stakeholders within the Ethereum community.

Additionally, the Cardano founder announced his intention to cease giving interviews expressing frustration over what he considers dramatic headlines and  misinterpretation of his comments. 

Hoskinson lamented the focus on generating headlines rather than conveying the views he shared during the interviews. He replied in a post on X platform stating,

“I’m just going to stop giving you guys interviews. I’ve had enough of the dramatic headlines and wasted interviews”

Cardano Launches Voltaire Era, Advances Decentralized Governance

In a move to refine its governance model, Cardano recently introduced the Voltaire era following the Chang hard fork. This new phase in development aims to enhance decentralized governance through a community-driven approach. 

The model introduces decentralized representatives (Dreps), selected by ADA holders to manage the network’s affairs. Also, the Voltaire era is designed to balance efficiency, effectiveness, and integrity within the network’s administration.

Most recently, a CoinGape report stated that Hoskinson is scheduled to participate in Tech Forum Argentina, planning a discussion with President Javier Milei on October 19. The conversation will focus on the transformative potential of blockchain technology across economic, political, and social landscapes.

In addition, a recent analysis shows that ADA price trajectory could reach $0.50 and $0.60 soon, influenced by market dynamics and regulatory developments. At the time of writing, the ADA price was $0.3812, reflecting a 15% increase over the past seven days, with a current market cap of $13 billion.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.