Charles Hoskinson, founder of Cardano, is calling for the Cardano Foundation to relocate to a jurisdiction that allows its users to elect board members. Currently, the Swiss government appoints board members without community input, which Hoskinson finds concerning. He suggests relocating to regions like Abu Dhabi or Wyoming, which support more inclusive governance models. Hoskinson believes this move would allow the community to collaborate with the Foundation on a new structure that fosters transparency and member participation. The Cardano Foundation operates under Swiss law and does not currently allow for community-based board elections. The Foundation has faced criticism over governance issues, internal conflicts, and alleged marginalization of key contributors. Despite efforts to improve transparency, calls for leadership restructuring persist.
- Content Editor ( cryptoslate.com )
- 2024-12-18
Charles Hoskinson urges Cardano Foundation to leave Switzerland for community-driven governance