Cardano (CRYPTO: ADA) founder Charles Hoskinson says the next phase of cryptocurrency adoption will be driven less by faster blockchains and more by safety, governance and consumer protections.
Ethereum ‘Keeps Doing Things Wrong’
In an interview with CoinDesk on July 23, Hoskinson, a co-founder of Ethereum (CRYPTO: ETH) before launching Cardano, was sharply critical of the network’s governance model.
He argued Ethereum lacks an on-chain treasury capable of sustainably funding long-term development and instead depends on a handful of influential organizations.
"If Ethereum was to just take 5% of protocol revenue and give it to the Ethereum Foundation, they’d have $390 million a year to work with," he said.
