Cardano founder Charles Hoskinson has criticized Ethereum’s upgrade process, contrasting its slow development with Cardano’s structured governance model. According to Hoskinson, the upcoming Voltaire upgrade will enable Cardano to implement changes efficiently while maintaining decentralization.
In a social media post, Hoskinson reaffirmed his support for on-chain governance, stating that decentralization should not hinder progress. He referenced developer Harikrishnan Mulackal, who pointed out Ethereum’s lack of a clear and cohesive vision.
Mulackal noted that only one major Ethereum Virtual Machine (EVM) change has been proposed in the past five years, raising concerns about the network’s ability to adapt.
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The Role of On-Chain Governance in Cardano’s Development
Hoskinson argues that Cardano’s governance model provides a solution to challenges faced by decentralized networks. While decentralization ensures community participation and security, it can also slow down decision-making processes.
The Voltaire upgrade aims to strike a balance by allowing governance mechanisms to delegate authority when necessary. This approach enables Cardano to implement critical upgrades without delays, ensuring continuous improvement while maintaining a decentralized framework.
Hoskinson emphasized that structured governance ensures decentralization remains an enabler of progress rather than an obstacle.
Mulackal’s comments highlight Ethereum’s struggles with implementing changes due to its decentralized nature. The developer pointed out that Ethereum’s governance process has led to prolonged delays, preventing timely upgrades.
This has raised concerns about its ability to remain competitive in the fast-evolving blockchain space.
Hoskinson believes that Cardano’s governance system offers a more efficient approach. The Voltaire upgrade will allow the community to participate in structured decision-making, reducing coordination costs and avoiding stagnation.
ADA Price Surges Amid Governance Advancements
Meanwhile, Cardano’s native token ADA has shown positive momentum, with a 2.28% increase in the last 24 hours, reaching $0.7222. Trading volume has surged by 39.01%, indicating growing investor interest. The market cap now stands at $25.44 billion, highlighting ADA’s resilience amid ongoing developments.
As Ethereum continues to navigate its governance challenges, Cardano is positioning itself as a model for efficient blockchain development. With structured governance in place, Cardano aims to maintain a steady pace of innovation while upholding its decentralized principles.
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