Cardano Founder Charles Hoskinson Mocks Vitalik Buterin’s Push for Transparent Ethereum Governance: A Critical Take on ETH Leadership

2 weeks ago 10



Charles Hoskinson reacted to Vitalik Buterin’s proposal for increased transparency in Ethereum’s governance. 

Ethereum is a well-known blockchain network that transitioned from a Proof-of-Work (PoW) consensus to a Proof-of-Stake (PoS) consensus two years ago. This change aimed to unlock new opportunities for the network’s future development and enhance its relevance in today’s digital landscape.

Recently Ethereum co-founder Vitalik Buterin calls for the next level of transparency in Ethereum’s governance. He emphasised the need for clear alignment across three key areas: values, technology, and economics. Buterin emphasises the importance of open-source standards, reducing reliance on centralised systems, and ensuring that projects benefit the entire Ethereum community. 

He also proposed using measurable metrics for alignment and urged crypto enthusiasts to adopt ETH and support public goods. His goal is to ensure that Ethereum’s ecosystem remains unified and fair, rather than fragmented by social influence. 

Vitalik calls for more transparency in #Ethereum's governance, urging clear metrics for alignment, including open-source standards, reduced centralization, and public goods support 👥🌍

This aims to unify projects and foster a positive-sum ecosystem 🌐https://t.co/h38fekOmVZ

— DAOscope (@DAOscope) September 29, 2024

In response, Cardano founder Charles Hoskinson reacted to this information with a laughing image and indirectly criticised Vitalik’s perceived unfair influence over the Ethereum blockchain.

Just a few days ago, Hoskinson alleged that every development-related decision for the Ethereum blockchain is made solely by Vitalik Buterin, rather than by others. Hoskinson stated that while the Ethereum blockchain was designed to be decentralised, the decision-making for its development has become fully centralised around Vitalik.

Ethereum price action 

The current trade price of the Ethereum (ETH) coin is $2,655 & this price level is 60% higher over the last 12 months of the period.

Read also: New Setback in FTX Repayment Plan: Creditors with Claims Over $50K May Wait Until Q2 2025 for Payouts

Read Entire Article