Hoskinson says the Ethereum network is more like a “dictatorship” where Vitalik Buterin exerts too much influence over the development of the decentralized network.
Cardano’s Voltaire-era governance overhaul prevents it from becoming a “dictatorship” like Ethereum and sidesteps the “anarchy” of Bitcoin, says founder Charles Hoskinson.
Speaking to Cointelegraph in Singapore, Hoskinson attacked Ethereum’s current governance model, claiming that it relies far too heavily on its co-founder Vitalik Buterin for direction.
Hoskinson says that blockchains can elect to keep the protocol forever simple, like Bitcoin, or “pick a king” to run things. However, Cardano’s new governance model solves the “governance trilemma” of “efficiency, effectiveness and integrity” using delegated representatives and a members-based organization called Intersect to distill complex governance topics down for a vote.
