The competition for dominance among leading blockchains like Bitcoin, Ethereum, and Cardano intensifies, with Charles Hoskinson now entering the fray. Following the successful Chang hard fork, Cardano has transitioned to a new governance structure, positioning itself as a superior contender to Ethereum. Hoskinson, the founder of Cardano, highlighted the network's advantages over Bitcoin and Ethereum at the Token2049 Conference in Singapore. He emphasized how Cardano's new governance model empowers a broader community, unlike Ethereum's centralized control under Vitalik Buterin. By implementing the Chang upgrade, Cardano aims to address the trilemma of efficiency, effectiveness, and integrity, avoiding the pitfalls of Bitcoin's anarchy and Ethereum's dictatorship. Hoskinson envisions a collaborative governance model for Cardano, ensuring continuous innovation regardless of his involvement. This rivalry traces back to his early days with Ethereum, where a disagreement with Buterin led to his departure and the subsequent launch of Cardano in 2017. While both networks thrive in the top 10 cryptocurrencies, Ethereum maintains a lead in adoption and market cap, with Cardano steadily climbing the ranks. Read more AI-generated news on: https://app.chaingpt.org/news