Cardano founder Charles Hoskinson recently criticized Ethereum’s governance model, describing it as overly reliant on co-founder Vitalik Buterin. During an interview, Hoskinson argued that Ethereum’s governance structure operates more like a “dictatorship,” where much of the direction is determined by a single individual. On the other hand, he believes that Bitcoin risks falling into “anarchy” with its minimalistic approach to governance.
Cardano Voltaire-era Governance Model
Hoskinson introduced Cardano’s Voltaire-era governance model, designed to ensure that the network remains decentralized while maintaining clear direction. He emphasized that blockchains can either stay simple and unchanging like Bitcoin or rely on a central figure like Ethereum.
However, Cardano seeks to solve what he calls the “governance trilemma” — achieving efficiency, effectiveness, and integrity simultaneously. The new system employs delegated representatives and an organization called Intersect to manage and distill governance matters for the community to vote on.
According to Hoskinson, this solution offers a balanced and decentralized model that avoids the extremes of Bitcoin and Ethereum.
Ethereum’s Reliance on Buterin
Hoskinson also elaborated on his sharp critique of Ethereum’s reliance on Buterin. He claimed that Ethereum’s entire vision is shaped and driven by the young co-founder, questioning what would happen to the network’s development if Buterin were no longer in the picture.
Hoskinson specifically highlighted how Buterin has shifted Ethereum’s roadmap, steering the focus away from sharding-based scalability to layer-2 solutions and rollups.
Ethereum has recently faced criticism for what some perceive as an over-reliance on “extractive L2s,” with activity and fee revenue dropping on the base layer. Hoskinson attributed much of this shift to Buterin’s influence, noting that it wasn’t random engineers driving these changes but rather Buterin’s advocacy.
Hoskinson’s History with Ethereum
Hoskinson, himself an early co-founder of Ethereum, acknowledged his own influence on Cardano’s trajectory. However, he emphasized that Cardano’s governance model ensures continued innovation, even in his absence.
“Charles, alive or dead, doesn’t matter. Innovation will still happen daily,” he said, contrasting it with Ethereum’s perceived dependency on Buterin.
As Ethereum faces increasing competition from Solana, Cardano’s new governance system could offer a more sustainable path forward.
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