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- Charles Hoskin reacted to a post that suggested he wasn’t confident about upgrades on the Cardano blockchain.
- Hoskinson called out the user for basing his judgment on a 1-minute clip from his 42-minute livestream.
- The CIP:1694 upgrade will see Cardano switch to a new decision-making process.
A day after hosting a livestream to update Cardano community members on developments on the blockchain, Charles Hoskinson, in a tweet on X – formerly Twitter – reacted to a post that suggested the founder is “not confident” about the future of Cardano.
In particular, the user who made the post had commented on a clip from the live stream where Hoskinson said the CIP:1694 upgrade was important for the Cardano ecosystem. As earlier reported by CoinEdition, the upgrade is expected to expand the current governance mechanism in Cardano to a tricameral decision-making body.
“These are not the words of a confident @IOHK_Charles, and it sounds like a threat. Just another way of centralization. I believed in Cardano. Not so much going forward. Sad, this is a great project!” the user tweeted.
In response, Charles resp at the user, asking how they could have based their judgment on a “1-minute soundbite” taken from a “45-minute-video.” The user apologized and accepted that he didn’t watch the entire video. He also promised to watch the complete video and return with “a changed perspective.”
According to Hoskinson, the tricameral decision-making process is a move geared towards more decentralization. The Cardano blockchain had, in recent times, drawn criticisms for its decision-making, which was concentrated in the hands of its Genesis key holders.
The new update places that duty in the tripartite bodies of stakers, delegated representatives, and a constitutional committee. Hoskinson said this new system will make the blockchain more robust, secure, and closer to full decentralization.
For community members, however, the concern has been on when the blockchain will see significant developments. In recent times, Hoskinson has had to respond to these concerns and reassure that the blockchain is closer to its goals.
The post Charles Hoskinson Dismisses Criticism of Cardano Governance Update appeared first on Coin Edition.