Charles Hoskinson, the founder of Cardano and a co-founder of Ethereum, has recently voiced strong criticisms regarding Ethereum's future and its associated projects.
Ethereum's Longevity in Question:
Hoskinson has predicted that Ethereum may not survive the next 10 to 15 years. He attributes this potential decline to several factors:
• Outdated Architecture: He believes Ethereum's current technical framework, including its accounting model, virtual machine, and consensus mechanism, is not sustainable for long-term success.
Layer 2 Fragmentation: Hoskinson argues that the increasing reliance on Layer 2 solutions is fragmenting the Ethereum ecosystem, diluting the value of its mainnet and weakening overall governance.
Governance Challenges: He points out the absence of effective on-chain governance as a significant flaw, suggesting that this could hinder Ethereum's adaptability and resilience in the evolving crypto landscape.
He has drawn parallels between Ethereum and once-dominant tech platforms like Myspace and BlackBerry, implying that without significant changes, Ethereum could face a similar fate.
Critique of Ethereum Classic
In addition to his views on Ethereum, Hoskinson has labeled Ethereum Classic (ETC) as a "scam." He claims that ETC serves no purpose other than to allow insiders to offload their holdings onto unsuspecting investors. Hoskinson contrasts ETC with Ergo, a project he supports, highlighting Ergo's clear vision, ethical.
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