#EthereumFuture

74661635407Reasons 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 cryptocurrency world may not withstand 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-selective 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 a lot of strange things, but the consequences are starting to show."

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

There is no doubt that Ethereum's future looks promising and full of opportunities. Following the recent upgrade to Ethereum 2.0, the platform has become more efficient and sustainable, opening new horizons for its diverse applications. Ethereum's role is expected to continue expanding in decentralized finance (DeFi) and non-fungible tokens.