Cardano Foundation To Preserve Its Independence, Says Incoming CEO Frederick Gregaard

The Cardano (ADA) ecosystem has a complex governance structure that is not dissimilar from the way in which the US democracy operates with built-in checks and balances.

The three main players are IOHK, EMURGO, and the Cardano Foundation. The incoming CEO Frederick Gregaard said that the government would get more complicated as more organizations are joining in.

Maintaining the independence of the Foundation

He also said that he plans to maintain the independence of the Foundation from the Cardano’s founder and IOHK CEO, Charles Hoskinson, who created the structure.

“The Foundation law in Switzerland says that we need to be independent. That’s exactly why it’s interesting and why Charles chose to set it up like that, because he really, truly feels that the people who are going to protect the Cardano protocol for the generations to come, need to be independent,” he said.

He also said, “Charles did initiate the project together with one of his colleagues. So, there’s no doubt about how brilliant he is and how visionary he is. But he’s running a product company that needs to deliver products. <…>.”

He continued and told Cointelegraph that “I’m sure that there are going to be some fights in terms of priorities and some spots where we believe, together with the community may be, that we should go a bit more right and Charles wants to be a little bit more left, and we need to agree on that together.”

Check out Cointelegraph’s original article to see more of the interview.

The other day, we revealed that Charles Hoskinson made the Cardano Community excited when he dropped a new video on his Twitter account.

He is addressing the Governance and Independence of Cardano.

The video was received with massive enthusiasm by the community, and people made sure to praise Hoskinson in the comments.


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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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