Crypto News

Cardano Founder Slams Critics for Misrepresenting His Views On Ethereum

Cardano Founder Slams Critics for Misrepresenting His Views On Ethereum
© Copyright Image: ZyCrypto

Charles Hoskinson, co-founder of Cardano and Input Output Global, has strongly criticized media outlets for misrepresenting his views on Ethereums governance model, sparking a heated debate in the cryptocurrency community.

Notably, the latest controversy erupted following Hoskinsons interview with Cointegraph at the Token2049 conference in Singapore, where he discussed the differences between various blockchain governance structures.

In an article published on September 25, the media outlet reported that Hoskinson had referred to Ethereums governance as a dictatorship, claiming that Ethereum co-founder Vitalik Buterin exerts too much influence over the networks development. 

However, Hoskinson swiftly took to X to express his frustration with what he perceived as sensationalized reporting, stating, Im just going to stop giving you guys interviews. Ive had enough of the dramatic headlines and wasted interviews. 

Seeking to clarify his position further, Hoskinson gave an exclusive interview to popular crypto analyst David Gokhshtein on Sept. 27. During this conversation, Hoskinson elaborated on his original comments and expressed his disappointment with how his words were portrayed.

The whole point of Cardano governance is that its a middle ground where you actually get to vote for your leadership, you actually get to vote on the roadmap, Hoskinson explained. He emphasized that his intention was to highlight the differences between various governance models, not to attack Ethereum or Buterin personally.

Hoskinson, who is also an Ethereum co-founder, further clarified his stance, stating, that he does not have any problem with Vitalik, emphasizing that Theyre the ones talking about me, not me talking about them.

The Cardano founder also addressed the broader issue of governance in blockchain networks. He argued that Cardanos approach strikes a balance between the perceived rigidity of Bitcoin and the centralized decision-making he associates with Ethereum.

We have one [on-chain government], so that was the only point, Hoskinson explained, highlighting Cardanos efforts to implement a more democratic governance structure. Hoskinson further called for more accurate and nuanced reporting in the cryptocurrency space. He suggested that future interviews should be conducted live and unedited to prevent misinterpretation.

That said, this is not the first time Hoskinson has voiced his frustration over what he sees as misinformation about Cardano. Earlier this month, he addressed claims suggesting that ADAs strong position in the cryptocurrency rankings is primarily due to stakers being unable to sell their locked assets. These allegations impled that ADA holders are restricted from selling their tokens because they are tied up in staking pools, leading to an artificially inflated market value.

The lies and misinformation about Cardano have reached epic levels. Staking isnt locked, yet the narrative persists. Why does anyone trust these sources anymore? he tweeted on Sep.11.

Read more: https://zycrypto.com/cardano-founder-slams-critics-for-misrepresenting-his-views-on-ethereum/

Text source: ZyCrypto

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
Buy & sell Crypto in minutes

Join BINANCE!

The world's largest crypto exchange

You're just steps away from receiving your reward.

The most complete Crypto News Center.

Search Stories:

Latest top stories