Charles Hoskinson, the founder of Cardano and former chief executive of Ethereum, recently expressed his discontent with an article published by Cointelegraph. In an interview at the TOKEN2049 conference in Singapore, Hoskinson referred to Ethereum as a ‘dictatorship’ in comparison to Cardano’s new governance model.
Hoskinson Criticizes Ethereum’s Governance
During the interview, Hoskinson elaborated on his views, stating that Ethereum‘s current governance model relies heavily on its co-founder, Vitalik Buterin, for decision-making. Although he acknowledges that Buterin does not hold absolute power, he believes that Buterin’s influence is significant.
Following the publication of the article, Hoskinson took to his social media account to announce that he would no longer participate in interviews with legacy crypto media, citing frustration with dramatic headlines and what he sees as wasted interview opportunities.
Ethereum’s Centralized Influence
Hoskinson argues that Ethereum’s decentralized platform often looks to Buterin for guidance on the blockchain’s direction. While the Ethereum Foundation, community, and stakeholders also play roles in decision-making during core meetings, Buterin’s influence remains substantial. As an example, Hoskinson pointed out Buterin’s significant role in shifting Ethereum’s focus from sharding-based optimization to rollups and layer-2 networks.
Cardano’s Collaborative Governance Model
In contrast, Hoskinson claims that Cardano’s governance model is more collaborative and sustainable. He emphasizes that Cardano’s delegate-based model, which includes researchers and engineers, forms an “Intersect” that uses a voting system to determine its future steps. This model, according to Hoskinson, addresses the issues seen in other major blockchains, such as Bitcoin’s governance challenges and Ethereum’s centralized influence.
“Cardano’s governance ensures that the decentralized platform will thrive long after I am gone,” Hoskinson stated.
Background on Hoskinson’s Departure from Ethereum
Before establishing Cardano, Hoskinson was one of the co-founders of Ethereum along with Buterin. He served as CEO in 2013 but was removed in 2014 due to differing visions for the protocol. Hoskinson wanted to commercialize Ethereum, while Buterin aimed for it to remain a non-profit venture.
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