Cardano Founder Charles Hoskinson has publicly addressed recent reports about Ethereum’s governance model, which have sparked controversy due to claims of centralized control.
Speaking during the TOKEN2049 conference in Singapore, Hoskinson, a co-founder of Ethereum, clarified his comments regarding Ethereum’s reliance on co-founder Vitalik Buterin for decision-making. He expressed frustration with media outlets, stating that his remarks were intended to highlight structural challenges within Ethereum, not to criticize Buterin personally.
Hoskinson Responds to Ethereum Governance Claims
In the TOKEN2049 event, Hoskinson adjourned to Ethereum’s governance system, whereby he noted that Buterin has a significant say in the processes. He noted that although Buterin is influential, it is wrong to suggest that he has total control over Ethereum’s ventures.
As for decentralization, Hoskinson pointed they are still relying on the Ethereum Foundation and its constituencies for decisions. His comments were concerned with looking at the centralisation bias in Ethereum and comparing it to the decentralisation bias of Cardano’s system of governance.
Some of Hoskinson’s remarks produced headlines that portrayed his statements as calling Buterin’s impact as a dictatorship. However, he was quick to dismiss such reports to the effect that while making his observations on the sides he did take issues with, he had not had to lineup Buterin with the names of Gorilla and Chimp.
Frustration Over Sensationalist Media Coverage
In response to the media coverage of his comments, Hoskinson announced his decision to halt interviews. He voiced his frustration on X (formerly Twitter), sharing his displeasure with how the media had misinterpreted his statements.
“I’m just going to stop giving you guys interviews. I’ve had enough of the dramatic headlines and wasted interviews,”
Hoskinson posted, indicating that he will no longer participate in media engagements that do not accurately represent his views.
I'm just going to stop giving you guys interviews. I've had enough of the dramatic headlines and wasted interviews
— Charles Hoskinson (@IOHK_Charles) September 25, 2024
Cardano Advances Decentralized Governance with Voltaire Era
Meanwhile, Cardano entered a new development phase with the launch of the Voltaire era, following the Chang hard fork. This era aims to advance decentralized governance by introducing a community-driven approach.
ADA holders can now select decentralized representatives (Dreps) to manage the network’s affairs, ensuring a more transparent and inclusive decision-making process. The Voltaire era seeks to balance efficiency, effectiveness, and integrity within Cardano’s governance framework.
In addition, Hoskinson is set to discuss blockchain’s transformative potential during the upcoming Tech Forum Argentina, where he will meet with President Javier Milei on October 19.
At the time of this report, Cardano’s price was trading at $0.381783, with a 24-hour trading volume of $340,078,951. Cardano has seen a 2.56% increase in the last 24 hours, ranking #10 on CoinMarketCap, with a market cap of $13.34 billion.
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