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Reasons for the Decline of Ethereum, According to Charles Hoskinson

Charles Hoskinson, the founder of Cardano, launched a scathing critique of Ethereum, pointing out that the second largest blockchain in the cryptocurrency world may not survive the next fifteen years. During an "Ask Me Anything" session that aired on April 23, he highlighted three major design flaws: a weak accounting model, an unsuitable virtual machine, and a non-elected 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 inefficient: "They've implemented a lot of strange things, but the consequences are starting to show."

Charles Hoskinson sees Ethereum's real weakness as 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 down any reforms. He warns, saying: "Vitalik won't be able to maintain the network's coherence indefinitely by sheer willpower."#EthereumFuture