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- Hoskinson criticizes Ethereum’s slow progress, advocating for Cardano’s structured governance model with the Voltaire upgrade.
- Ethereum’s decentralized decision-making has led to delays, while Cardano aims for efficient governance through on-chain voting.
- Cardano’s Voltaire upgrade seeks to balance decentralization and progress, reducing stagnation in blockchain development.
The Cardano founder Charles Hoskinson expresses negative opinions about Ethereum’s delayed development through his comparison to his platform’s standardized governance structure. The upcoming Voltaire upgrade of Cardano will let the blockchain network conduct changes through decentralized methods.
Eventually Hoskinson announced his support of on-chain governance in a social media post which explained that decentralization should not block progress. During the discussion developer Harikrishnan Mulackal emphasized that Ethereum lacks both coherence and clarity in its vision. Mulackal highlighted that Ethereum Virtual Machine (EVM) has seen only a single major proposed change since its five-year existence leading to doubts regarding its adaptability.
The Role of On-Chain Governance in Cardano’s Development
The governance structure of Cardano addresses the fundamental problems which decentralization presents to network ecosystems according to Hoskinson. Decentralization protects both community participation and security but it causes slower decision-making speeds.
Through the Voltaire update Cardano creates a governance system that lets users delegate authority for specific tasks when required. The implementation of critical upgrades through this method makes it possible for Cardano to achieve decentralized framework maintenance and continuous development. Hoskinson explained that structured governance systems protect decentralization as a tool for progress throughout the platform rather than introducing obstacles to it.
The decentralized nature of Ethereum makes it difficult for Mulackal to explain why the network faces problems during change implementation. According to the developer Ethereum governance regulations have triggered delayed responses which result in delayed upgrade releases. Competitiveness issues in the rapidly changing blockchain realm have been created by these developments.
Ethereum advances through its governance challenges while Cardano acts as an example for developing blockchain systems effectively. The introduction of structured governance framework enables Cardano to maintain innovation speed together with decentralized principles.
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