- Charles Hoskinson said that Voltaire will bring structured governance within Cardano.
- Hoskinson highlighted that Ethereum lacks governance and decentralization is an issue for ETH.
- ADA eyes a retest of the 20-day Exponential Moving Average at $0.7593 price tag.
Cardano founder Charles Hoskinson is taking shots at Ethereum, contrasting its slow upgrade process with Cardano’s on-chain governance model.
In a post on social media platform X, Hoskinson reaffirmed his support for the upcoming Voltaire upgrade, which aims to bring structured governance within decentralized networks.
He shared the words of developer Harikrishnan Mulackal, who discussed the “lack of a clear and cohesive vision for Ethereum and EVM.“
Why is On-Chain Governance Important for Cardano?
Hoskinson argues that Cardano’s onchain governance can solve the challenges of decision-making in decentralized ecosystems. While decentralization ensures security and community involvement, he says, it can also hinder progress by making decision-making sluggish.
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According to Hoskinson, the Voltaire upgrade aims to strike a balance by allowing authority to be delegated efficiently when necessary. The crypto entrepreneur said:
“Onchain governance allows us to delegate authority to leaders where and when necessary to solve hard problems and evolve the ecosystem. The absence of governance means decentralization gets in the way of progress. The presence means that decentralization enables progress.”
Is Ethereum Falling Behind?
The criticism comes as Mulackal, a Solidity expert, pointed out that Ethereum’s upgrade process has significantly slowed down, with only one major Ethereum Virtual Machine (EVM) change proposed in the last five years. Mulackal noted that Ethereum’s strong decentralization has led to delays in implementing necessary changes, which could hinder its long-term competitiveness.
In contrast, Hoskinson argues that Cardano’s approach to governance through Voltaire will enable continuous and structured upgrades, ensuring that the platform remains adaptable and efficient. The proposed governance system aims to reduce coordination costs and allow broader participation from the community rather than relying on a few influential voices.
What’s the Current Price Action for ADA?
At the time of writing, ADA is trading at $0.7168, down 2.85% in the past 24 hours, according to CoinMarketCap data. As per the daily chart below, the Relative Strength Index (RSI) stands at 46.01, indicating that ADA is in the neutral territory.
Related: Crypto lawyer John Deaton debunks report claiming SEC assigned specific roles to XRP, ADA, and SOL
Further, the price is hovering around the middle Bollinger Band level of $0.7741, with the upper band at $1.0287 and the lower band at $0.5196.
A breakout above $0.7593 (20-day Exponential Moving Average) could signal bullish momentum, while a breakdown below $0.7024 could indicate further downside. For ADA holders, the key is whether these upgrades can translate into price appreciation.
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