The Ethereum blockchain will not exist in 15 years, according to Hoskinson

The founder of Cardano lashed out this Wednesday against the Ethereum blockchain when he stated that the network is on the path to disappearance. In this sense, he commented that the largest of the multi-purpose blockchains will disappear in less than two decades. As expected, the expert's statements unleashed a strong reaction on social media.

Hoskinson's comments came during an Ask Me Anything (AMA) session where he responded about Ethereum's long-term potential. He expressed that within a timeframe of 10 to 15 years, that network will disappear as a consequence of its decision-making mistakes.

It is worth mentioning that Hoskinson is one of the founders of Ethereum, which means he knows the details of that network well. Some figures, such as Ripple's lawyer, John Deaton, expressed curiosity about Hoskinson's statements. In particular, Deaton stated that they are worthy of attention simply because the founder of Cardano was also a foundational part of Ethereum.

It is important to mention that Hoskinson is a figure who thrives on controversy, which helps him attract attention for his own developments.

Why does Hoskinson predict the end of the Ethereum blockchain?

The first reason has to do with the design of the protocol. He criticized the network's accounting model, the Ethereum Virtual Machine (EVM), and the consensus mechanism. All these factors, in his opinion, are outdated and inefficient.

The second element that the founder of Cardano referred to is the reliance on layer two (L2) solutions. He described these layers as "parasitic," as they drain value from the main Ethereum network without solving the scalability problem.

Thirdly, Hoskinson pointed to what he considers "governance voids." He expressed that this network has off-chain governance, which greatly hinders the effective decision-making process.