Recently, Charles Hoskinson criticized the Ethereum model, pointing out issues with its economy, consensus, and approach to Layer 2 solutions, calling them "parasitic".
I believe the criticism is justified, but it is one-sided.
Layer 2 is not parasitic; it is an evolutionary response to the scalability problems that the Ethereum ecosystem is integrating quite successfully. Yes, today it is far from ideal, but it is where the greatest innovations are concentrated: modular blockchains, zk-rollups, EigenLayer.
Cardano chooses the path of strict formal verification, but the pace of development there is significantly slower. Innovations without an active economy carry the risk of being sidelined from major capital.
Therefore, my choice for the long term is Ethereum. Despite architectural challenges, this ecosystem maintains the most powerful network effect, flexibility, and ability to attract talent.
