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ADA News: Charles Hoskinson Eyes Governance Overhaul for Cardano Foundation
Charles Hoskinson, the co-founder of Cardano (ADA), has sparked a heated debate within the community by suggesting that it might be necessary to move the foundation’s governance model. This is an effort to regain trust and adapt to changing circumstances.
The Cardano Foundation’s current structure is not without controversy, with some stakeholders calling for change in response to perceived shortcomings in accountability and transparency. Hoskinson acknowledged these issues during a recent interview, stating that it might be essential to restructure the organization.
In particular, he emphasized the need for more decentralized governance principles within the company. He believes that this would allow for better representation of the community’s interests while minimizing centralization risks. It remains unclear whether such drastic changes will ultimately occur or if they are merely a response to growing pressure from the community.
The foundation is under scrutiny after some investors and users expressed frustration with the current state of governance, citing concerns over transparency and accountability.
Source: www.crypto-news-flash.com
