$ETH Who controls the future of cryptocurrencies? Ethereum under the microscope!

In the world of cryptocurrencies, few dare to criticize the giants, but Charles Hoskinson, the founder of Cardano, has done so quite openly. In a recent AMA session, he described Ethereum as suffering from "economic imbalances," and criticized its consensus mechanism, even labeling layer two solutions as "parasitic."

His words sparked wide controversy. Is he right?

Despite the congestion that Ethereum faces and rising transaction fees, it remains the leading platform in the realm of innovation: from smart contracts to decentralized finance (DeFi) to non-fungible tokens (NFTs). It is also striving to improve its performance through the Ethereum 2.0 project, which aims to enhance scalability and reduce costs.