{"id":17263,"date":"2024-09-25T13:46:42","date_gmt":"2024-09-25T10:46:42","guid":{"rendered":"https:\/\/forklog.com\/en\/charles-hoskinson-criticizes-ethereums-governance-model\/"},"modified":"2024-09-25T13:46:42","modified_gmt":"2024-09-25T10:46:42","slug":"charles-hoskinson-criticizes-ethereums-governance-model","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/charles-hoskinson-criticizes-ethereums-governance-model\/","title":{"rendered":"Charles Hoskinson Criticizes Ethereum’s Governance Model"},"content":{"rendered":"

The governance model of Ethereum is overly reliant on its co-founder, Vitalik Buterin, according to Cardano founder Charles Hoskinson, as reported by Cointelegraph<\/a>.<\/p>\n

The developer suggests that a blockchain can either choose to maintain a simple protocol like Bitcoin or “appoint a king” to lead.<\/p>\n

Cardano addresses the “governance trilemma”\u2014”efficiency, effectiveness, and integrity”\u2014through delegated representatives and the Intersect organization, which is based on membership principles. This organization resolves management issues through participant voting.<\/p>\n

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“With these three components, you have every chance to avoid Bitcoin’s anarchy or Ethereum’s dictatorship,”<\/em> Hoskinson explained.<\/p>\n<\/blockquote>\n

The Cardano founder highlighted Buterin’s central role in the development of the blockchain of the second-largest cryptocurrency by market capitalization.<\/p>\n

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“Everyone looks to him for a roadmap and inspiration. He is the only person with enough influence to unite people. If he were removed from the equation, what would the next <\/em>hard fork<\/em> look like, and how quickly could they implement it?”<\/em> Hoskinson pondered.<\/p>\n<\/blockquote>\n

According to the cryptographer, Buterin contributed to the decision to forego optimizing the L1<\/span> through sharding in favor of rollups and L2.<\/p>\n

The publication noted that the Ethereum co-founder does not hold absolute power. The blockchain employs a combination of off-chain and on-chain governance, including the Ethereum Foundation, community contributions, and stakeholder involvement in EIP<\/span>.<\/p>\n

Key decisions are made at core developer meetings. Contentious issues can lead to a hard fork, as was the case with the network rollback after The DAO, resulting in the creation of Ethereum Classic.<\/p>\n

Hoskinson was one of the eight original co-founders of Ethereum and CEO of the Ethereum Foundation. In 2014, Buterin dismissed him.<\/p>\n

The Cardano founder acknowledged that he played a similar role in shaping the blockchain he oversees. The new model has changed the approach.<\/p>\n

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“Charles, alive or dead, it didn’t matter. Innovations will emerge daily,”<\/em> he explained.<\/p>\n<\/blockquote>\n

Cardano is still working on its constitution. It is expected to establish strict limits on key issues such as issuance and management.<\/p>\n

In September, the Cardano network underwent the Chang hard fork at block #10,764,778. The update marked the beginning of the Conway ledger era and the transition to decentralized governance.<\/p>\n

Earlier, Hoskinson announced<\/a> the upcoming implementation of a new version of the Proof-of-Stake consensus mechanism by the end of the year.<\/p>\n

Previously, Mynth service founder Robert Ruse suggested removing the Cardano founder from the project to “enhance decentralization.”\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The governance model of Ethereum is overly reliant on its co-founder, Vitalik Buterin, according to Cardano founder Charles Hoskinson, as reported by Cointelegraph. The developer suggests that a blockchain can either choose to maintain a simple protocol like Bitcoin or “appoint a king” to lead. Cardano addresses the “governance trilemma”\u2014”efficiency, effectiveness, and integrity”\u2014through delegated representatives […]<\/p>\n","protected":false},"author":1,"featured_media":17262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1401,471,46,1134,200],"class_list":["post-17263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cardano-ada","tag-charles-hoskinson","tag-ethereum","tag-technical-updates","tag-vitalik-buterin"],"aioseo_notices":[],"amp_enabled":true,"views":"85","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17263"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17263\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17262"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}