Luis Fernando Ávila
--
$ETH
The Ethereum network (ETH) is not going through its most celebrated hours. While its technological advances and developments are not accompanied by a bullish market for its native token, ether, new questions have arisen in recent hours.
Moreover, in addition to that initial issue, Charles Hoskinson, founder of Cardano (ADA) and who also participated in the creation of Ethereum, expressed on April 23, during a broadcast, a series of criticisms towards this latter ecosystem. His comments, which include the assertion that "Ethereum will not survive more than 10 or 15 years," cover multiple technical, economic, and governance aspects of the network.
Hoskinson identifies Ethereum's Proof of Stake (PoS) consensus mechanism as one of its main structural defects.
Hoskinson argues that this approach creates an economy that introduces unnecessary frictions and harms the participants of the ecosystem. In his opinion, Ethereum's PoS fails to effectively balance incentives and punishments, which could disincentivize participation and weaken the network in the long run.
As an alternative, the CEO of Cardano proposes adopting a Delegated Proof of Stake (DPoS) model, used for example in the Sui (SUI) network, which he claims is more efficient and resilient.
The Ethereum network (ETH) is not going through its most celebrated hours. While its technological advances and developments are not accompanied by a bullish market for its native token, ether, new questions have arisen in recent hours.
Moreover, in addition to that initial issue, Charles Hoskinson, founder of Cardano (ADA) and who also participated in the creation of Ethereum, expressed on April 23, during a broadcast, a series of criticisms towards this latter ecosystem. His comments, which include the assertion that "Ethereum will not survive more than 10 or 15 years," cover multiple technical, economic, and governance aspects of the network.
Hoskinson identifies Ethereum's Proof of Stake (PoS) consensus mechanism as one of its main structural defects.
Hoskinson argues that this approach creates an economy that introduces unnecessary frictions and harms the participants of the ecosystem. In his opinion, Ethereum's PoS fails to effectively balance incentives and punishments, which could disincentivize participation and weaken the network in the long run.
As an alternative, the CEO of Cardano proposes adopting a Delegated Proof of Stake (DPoS) model, used for example in the Sui (SUI) network, which he claims is more efficient and resilient.
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