Ethereum may not survive the next 10-15 years — Cardano founder

▪Charles Hoskinson believes that Ethereum:

⊹ has an incorrect accounting model

⊹ has an inefficient virtual machine

⊹ has an outdated consensus model

▪L2 solutions (such as Arbitrum and Optimism) "parasitize" the main network, not solving the scalability problem, but extracting value from it.

▪He compared Ethereum to Myspace and Blackberry — the first innovators who couldn't withstand competition.

▪In his opinion, in the future, Bitcoin-based DeFi could surpass Ethereum in terms of total value locked (TVL).