Cardano founder Charles Hoskinson has likened the operations of the Ethereum network to a dictatorship controlled by Vitalik Buterin.
In Cardano latest news, Hoskinson stated in an interview at the Token2049 conference in Singapore that the Ethereum network’s overdependence on its 30-year-old co-founder, Vitalik Buterin, has defeated the decentralization claims of the blockchain.
The Cardano founder stated the Ethereum network could not do anything without the influence of Buterin, with whom he co-founded the network housing the second largest crypto asset by market cap. He further criticized Ethereum’s governance model, asserting that every plan and operation starts and ends with Buterin.
Furthermore, Hoskinson insisted that nothing could be accomplished on Ethereum without Buterin. He stated that the Russian-born developer oversaw everything, from the next hard fork to the next step on the blockchain’s roadmap.
“Everybody looks to him for the roadmap. Everybody looks to him for inspiration, and he’s also the only person who has enough power to rally people,” Hoskinsoin stated, adding that the Ethereum network will not effectively execute its next hard fork without Buterin.
Notably, Hoskinson was one of the eight founders of the Ethereum network. However, his aspirations for the project conflicted with Buterin’s, leading to his layoff at a 2014 congregation in Switzerland.
Buterin Altering Ethereum’s Roadmap
The Cardano founder also accused Buterin of altering Ethereum’s original roadmap to shard the network, allowing the blockchain to incorporate rollups and layer-2s. This model was widely seen as monolithizing the blockchain to scuffle multichain.
With this model, the Ethereum network became scalable and housed several layer 2s and zero-knowledge (zk) rollups like Arbitrum, Base, Polygon zk, and Optimism.
According to Hoskinson, Buterin came up with the idea of L2s, drumming up the innovation until the Ethereum developers bought it. The IOHK founder explained that Ethereum preferred a drop in traction to its mainnet over incurring fee revenues from these sidechains.
Cardano Dispels Dictatorship and Anarchy
Meanwhile, Hoskinson argued that the Cardano network has dispelled the dictatorship seen in Ethereum and the anarchy on the Bitcoin network. He stated that the new community-driven, fully decentralized Voltaire era dissipated the chances of centralized governance for the Cardano ecosystem.
The Voltaire era went live on the Cardano network on September 1 after the implementation of the Chang hard fork. Under the new governance model, ADA holders will pick decentralized representatives (Dreps) to oversee the network’s affairs.
Furthermore, Hoskinson stated that the Voltaire era on Cardano has helped solve the governance trilemma. He noted that efficiency, effectiveness, and integrity were the core qualities of good governance, and the Chang upgrade has inculcated these factors into the Cardano network.
While admitting he played a crucial part in Cardano governance before now, he stated that the blockchain could thrive now with or without his input. Notably, Hoskinson has said on several occasions that his role on the Cardano network has drastically reduced after the hard fork, declaring Cardano independent.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.