Skip to content

Cardano founder slams Ethereum as a ‘dictatorship’

Cardano founder slams Ethereum as a ‘dictatorship’

Charles Hoskinson, the founder of Cardano (ADA), is never one to shy away from stirring the pot

In a recent interview, Hoskinson didn’t hold back as he took aim at Ethereum (ETH), comparing its governance structure to—a “dictatorship.” 

In his view, Vitalik Buterin, Ethereum’s famed co-founder, holds a little too much sway over the direction of what is, ironically, supposed to be a decentralized network.

Cardano, he claimed, avoids this pitfall through its Voltaire-era governance model. This upgrade empowers the community to lead decision-making, preventing the concentration of power in any one person’s hands.

According to the American entrepreneur, Cardano’s approach also sidesteps the “anarchy” he sees in Bitcoin (BTC), offering a balanced alternative to both extremes, when talking with Cointelegraph at Token2049 in Singapore.

“If you have those three things, then you have a fair shot of avoiding the anarchy of Bitcoin or the dictatorship of Ethereum, and you actually have something that can move forward with one voice, but it’s still decentralized at the end of the day because it represents everybody.”

Hoskinson expands on his comments

Elaborating on his eyebrow-raising remark that likened Ethereum to a dictatorship, Charles Hoskinson didn’t back down. 

He emphasized that Ethereum’s entire vision is essentially wrapped around Vitalik Buterin. 

“Everyone looks to him for the roadmap, for inspiration, and he’s the only person with enough influence to rally the community,” Hoskinson said, pointing out the reliance on Buterin. Without him, he questioned whether Ethereum could maintain its momentum: “If you removed him from the picture, what would the next hard fork look like? How quickly could they get there?”

The Cardano founder didn’t stop at just critiquing Ethereum’s leadership. He also laid the blame squarely on Buterin for Ethereum’s strategic shift. 

Originally, Ethereum was supposed to scale through sharding—optimizing its core—but Buterin steered the ship toward rollups and layer-2 solutions. While this approach has allowed Ethereum to scale in the short term, it hasn’t been without its detractors. 

Recently, critics have taken aim at the rise of “extractive L2s,” as Ethereum’s base layer has seen a dip in both activity and fee revenue.

“Where did the move to embrace layer 2s or rollups come from?” Hoskinson asked. “Was it the brainchild of some random Ethereum engineer, or was it Buterin driving the narrative, writing blog posts, talking about it, and pushing for it?” 

This, in Hoskinson’s eyes, reinforces the notion that Ethereum’s future is too heavily dictated by one person’s vision, rather than a decentralized community.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Services

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.