The Danger: According to him, Ethereum will not survive the next fifteen years. The reason? Questionable technological choices and flawed governance. A warning that shakes the world of cryptocurrencies and reignites the debate about the future of major blockchains. #EthereumFuture
In Brief
Charles Hoskinson says that Ethereum may disappear in the next 10 to 15 years.
He points to three major mistakes in Ethereum: the accounting model, the virtual machine, and ineffective consensus.
He praised the technological strengths of Cardano, particularly the UTXO model and Hydra.
He expects Bitcoin DeFi to outperform Ethereum. #BTCvsMarkets #
- Reasons for the demise of Ethereum, according to Charles Hoskinson
Charles Hoskinson, founder of Cardano, launched a scathing criticism of Ethereum, indicating that the second-largest blockchain in the world of cryptocurrencies may not withstand the next fifteen years. During an "Ask Me Anything" session broadcast on April 23, he highlighted three major design flaws: a weak accounting model, an unsuitable virtual machine, and a non-selected consensus.
According to Hoskinson, these technical decisions hinder Ethereum's ability to evolve. He also criticized the addition of layer two solutions and complex sharding mechanisms, which are considered ineffective: "They have implemented too much of this..."
