Cardano Founder: Ethereum May Not Survive in the Next 10-15 Years
Cardano founder Charles Hoskinson raised concerns about the long-term development of Ethereum during an event on Wednesday, suggesting that the blockchain may not survive in the next 10-15 years.
The Ethereum co-founder pointed out three major structural flaws: a flawed economic model, virtual machine design, and consensus mechanism, and criticized Layer 2 solutions for becoming a 'parasitic system' that fails to address the core scalability issues while detracting value from the main chain.
Although Ethereum currently maintains the highest total value locked (TVL), Hoskinson likened its situation to that of former tech giants MySpace and Blackberry, predicting that users will gradually migrate to other ecosystems, especially the Bitcoin DeFi system.
Cardano founder Charles Hoskinson raised concerns about the long-term development of Ethereum during an event on Wednesday, suggesting that the blockchain may not survive in the next 10-15 years.
The Ethereum co-founder pointed out three major structural flaws: a flawed economic model, virtual machine design, and consensus mechanism, and criticized Layer 2 solutions for becoming a 'parasitic system' that fails to address the core scalability issues while detracting value from the main chain.
Although Ethereum currently maintains the highest total value locked (TVL), Hoskinson likened its situation to that of former tech giants MySpace and Blackberry, predicting that users will gradually migrate to other ecosystems, especially the Bitcoin DeFi system.
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