Charles Hoskinson explains how Cardano surpasses Bitcoin and Ethereum

Charles Hoskinson, the founder of Cardano (CRYPTO:ADA), recently discussed how Cardano outperforms Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH), especially following the Chang hard fork. 

Speaking at the Token2049 Conference in Singapore, Hoskinson highlighted how the hard fork introduced a new governance model that transfers power from a few key individuals to a broader, decentralized community. 

This, he says, gives Cardano a clear advantage over Ethereum.

According to Hoskinson, Ethereum’s governance structure relies too heavily on its founder, Vitalik Buterin, which he described as a “dictatorship.” 

He stated, “The Ethereum network is like a dictatorship, where Buterin is the only person who has enough power to rally people.” 

In contrast, Cardano’s new system allows innovation to continue without his direct involvement. 

Hoskinson emphasized, “Charles, alive or dead, doesn’t matter. There’s still going to be innovation on a daily basis.”

The Chang hard fork enables a collaborative governance model where delegate representatives can vote, communicate, and use blockchain-based tools to keep the network’s roadmap updated. 

Hoskinson explained that this decentralized approach helps solve the “efficiency, effectiveness, and integrity trilemma” that plagues other blockchains, avoiding the "anarchy of Bitcoin" and the "dictatorship of Ethereum."

Hoskinson’s history with Ethereum goes back to its founding, where he was one of its original creators. 

After disagreements with Buterin over Ethereum’s profit model, he left and launched Cardano in 2017. 

Since then, Cardano and Ethereum have both grown into major players in the cryptocurrency space, with Ethereum currently leading in adoption and market size.

Despite Ethereum’s position as the second-largest cryptocurrency, Hoskinson believes Cardano’s decentralized governance model will lead to long-term success. 

He maintains that Cardano’s structure ensures continuous development, independent of any one individual. 

“They can talk to each other, vote, and come up with a blockchain-based government to ratify a roadmap,” Hoskinson said, underscoring Cardano’s sustainable innovation.

At press time, the Cardano price was $0.4135, the Bitcoin price was $65,469.40, and the Ethereum price was $2,663.92.