Charles Hoskinson Criticizes Ethereum’s Governance Model
During an interview with Cointelegraph, Charles Hoskinson, the founder of Cardano and former Ethereum executive, expressed his concerns about Ethereum’s governance model. He compared it to a ‘dictatorship’ due to its reliance on co-founder Vitalik Buterin for decision-making. Despite acknowledging the Ethereum Foundation, community, and stakeholders in the decision-making process, he highlighted Buterin’s significant influence over the blockchain’s direction.
Cardano’s Collaborative Governance Model
In contrast to Ethereum, Hoskinson emphasized Cardano’s collaborative governance model. With a delegate-based system that includes researchers and engineers, known as Intersect, the platform uses a voting mechanism to determine its next steps. This ensures that Cardano remains decentralized and sustainable even after Hoskinson’s tenure, addressing governance challenges faced by other major blockchains like Bitcoin and Ethereum.
Charles Hoskinson’s Vision for Blockchain Governance
As a co-founder of Ethereum and the current founder of Cardano, Hoskinson advocates for a decentralized and inclusive approach to blockchain governance. His experience with both projects has shaped his belief in the importance of collaborative decision-making processes to ensure the long-term success and sustainability of decentralized platforms.
