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Hoskinson Highlights Governance Issues in Legacy Finance

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by Luis Flores

2 hours ago


In a recent discussion, Charles Hoskinson, the co-founder of Cardano, voiced his concerns regarding the governance models used in traditional finance. He argues that these outdated systems are stifling innovation and slowing down the development of new technologies. Based on the data provided in the document, it is clear that a shift towards more decentralized governance could foster greater technological advancement.

Влияние традиционных финансов на развитие

Hoskinson highlighted that the strict permissioning and dependence on off-chain guarantees in legacy finance lead to prolonged development cycles.

Сравнение с Web3 платформами

He contrasted this with the on-chain governance models of Web3 platforms, which offer greater flexibility and adaptability.

Необходимость эволюции финансовых систем

His comments emphasize the need for financial systems to evolve and adopt more dynamic governance structures that can keep up with the rapid pace of technological change.

In a recent statement, Charles Hoskinson addressed the Canton project, emphasizing the growing tensions between traditional finance and blockchain technology. For more details, see Canton initiative.

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