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MainNewsADA’s Most C...

ADA’s Most Contentious Vote Yet Proved Its On-Chain Democracy


by Ikemefula Aruogu
for CoinEdition
Charles Hoskinson comments on Cardano Foundation vote abstentions and DAO approval of Project Catalyst
  • Charles Hoskinson compared Cardano’s governance with mainstream politics.
  • Cardano reflects the “ideal” democratization of governance processes.
  • Decentralized governance promotes accountability.

Cardano founder Charles Hoskinson has compared the blockchain solution’s governance system with mainstream politics, emphasizing his stance during the last US election cycle. 

Citing the Cardano community’s decision over recent proposals, Hoskinson highlighted how democratic governance can enhance responsibility among decision-makers in a government setup.

Hoskinson Urges Community Focus

In his latest post, the Cardano CEO repeated his comment from last year, noting the tendency for unaccountable and unelected bureaucrats to let the people down. 

He encouraged the community to push forward regardless of bumps and focus on tak…

The post ADA’s Most Contentious Vote Yet Proved Its On-Chain Democracy appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Crypto Whale Nets Over $9M in Profits, Stacks 309 BTC Despite Market Dips

Crypto Whale Nets Over $9M in Profits, Stacks 309 BTC Despite Market Dips

A crypto whale has emerged as a top-performing trader over the past month, reaping mo...
From Consensus to Execution, Ethereum Starts a Full System Trim

From Consensus to Execution, Ethereum Starts a Full System Trim

Ethereum (ETH) developers are taking on a major simplification effort for the core pr...
MainNewsADA’s Most C...

ADA’s Most Contentious Vote Yet Proved Its On-Chain Democracy


by Ikemefula Aruogu
for CoinEdition
Charles Hoskinson comments on Cardano Foundation vote abstentions and DAO approval of Project Catalyst
  • Charles Hoskinson compared Cardano’s governance with mainstream politics.
  • Cardano reflects the “ideal” democratization of governance processes.
  • Decentralized governance promotes accountability.

Cardano founder Charles Hoskinson has compared the blockchain solution’s governance system with mainstream politics, emphasizing his stance during the last US election cycle. 

Citing the Cardano community’s decision over recent proposals, Hoskinson highlighted how democratic governance can enhance responsibility among decision-makers in a government setup.

Hoskinson Urges Community Focus

In his latest post, the Cardano CEO repeated his comment from last year, noting the tendency for unaccountable and unelected bureaucrats to let the people down. 

He encouraged the community to push forward regardless of bumps and focus on tak…

The post ADA’s Most Contentious Vote Yet Proved Its On-Chain Democracy appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Crypto Whale Nets Over $9M in Profits, Stacks 309 BTC Despite Market Dips

Crypto Whale Nets Over $9M in Profits, Stacks 309 BTC Despite Market Dips

A crypto whale has emerged as a top-performing trader over the past month, reaping mo...
From Consensus to Execution, Ethereum Starts a Full System Trim

From Consensus to Execution, Ethereum Starts a Full System Trim

Ethereum (ETH) developers are taking on a major simplification effort for the core pr...