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Reasons for the decline of Ethereum, according to Charles Hoskinson

Charles Hoskinson, the founder of Cardano, launched a scathing criticism of Ethereum, pointing out that the second largest blockchain in the world of cryptocurrencies may not withstand the next fifteen years. During an "Ask Me Anything" session broadcasted on April 23, he highlighted three major design flaws: a weak accounting model, an unsuitable virtual machine, and a non-optional consensus.

According to Hoskinson, these technical decisions hinder Ethereum's ability to evolve. He also criticizes the addition of layer two solutions and complex sharding mechanisms, which he considers ineffective: "They have implemented many strange things, but the consequences are starting to show."

Charles Hoskinson sees Ethereum's real weakness in its lack of strong on-chain governance. He believes that building an effective governance system will take five to seven years, which could significantly slow any reform. He warns saying: "Vitalik will not be able to maintain the network's cohesion indefinitely by sheer will."#EthereumFuture