It is said that “when a blockchain has a CEO, it is not decentralized”. Cardano is a decentralized network and has no CEO. So who is Charles Hoskinson? He is the CEO of Input Output Global (IOG). Is the Cardano network owned by IOG? We will show that this is not true either. Let’s find the line between a team building a blockchain project and a decentralized network.
TLDR:
- Every decentralized network needs a team.
- The source code is the boundary between the team and the decentralized network.
- Charles Hoskinson has a similar role for Cardano as Adam Back has for Bitcoin. Charles is CEO of IOG and Adam is CEO of VC-backed company Blockstream.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: Myth busting: Cardano has a CEO so it is not decentralized | Cardano Explorer