$ETH Who is in charge of 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 clearly. In a recent AMA session, he described Ethereum as suffering from "economic imbalances" and criticized its consensus mechanism, even characterizing Layer 2 solutions as "parasitic."
His words resonated widely. Is he right?
And despite Ethereum facing network congestion and rising transaction fees, it still 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, aimed at enhancing scalability and reducing costs.
And what about Cardano? It moves slowly but surely, relying on academic research and scientific review, making it more cautious in changes but hindering the rapid implementation of practical features and user adoption.
Who deserves trust?