Danger: According to him, Ethereum will not survive the next fifteen years. And the reason? Questionable technological choices and flawed governance. A warning that shakes the cryptocurrency world and reignites the debate over the future of major blockchains.
In short
Charles Hoskinson says that Ethereum $ETH may disappear in 10 to 15 years.
He points to three major mistakes in Ethereum: the accounting model, the virtual machine, and ineffective consensus.
He praised the technological strengths of Cardano, particularly the UTXO model and Hydra.
He expects Bitcoin DeFi # to outperform Ethereum. #BTCvsMarkets #
- Reasons for the demise 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 withstand the next fifteen years. During an "Ask Me Anything" session broadcast on April 23, he highlighted three major design flaws: a weak accounting model, an unsuitable virtual machine, and unselected 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 to be ineffective: "They have applied too much..."
