Cardano founder Charles Hoskinson shared his views on the importance of governance in the network, highlighting the Voltaire upgrade and criticizing Ethereum for a lack of coordination.
Significance of the Voltaire Upgrade for Cardano
Charles Hoskinson reaffirmed his support for the upcoming Voltaire upgrade, which aims to introduce structured governance in decentralized networks. He noted that on-chain governance allows delegating authority to leaders for solving complex problems and evolving the ecosystem.
Critique of Ethereum's Governance
Hoskinson pointed out the lack of clear and cohesive vision in Ethereum and EVM. He highlighted that the lack of centralized governance and the slow upgrade process are significant issues for the platform.
Prospects for ADA Price
Current market data suggests that ADA could test the 20-day moving average at a price level of $0.7593 in the near future.
Charles Hoskinson expressed confidence in the enhanced governance of Cardano through the Voltaire upgrade, emphasizing the importance of a structured approach for decentralized projects.
