The founder of the Cardano project, Charles Hoskinson, doubts the future of the second largest cryptocurrency by market capitalization in the world, stating that Ethereum may not withstand competition over the next 10-15 years.!!!! "They have the wrong accounting model, the wrong virtual machine, and the wrong consensus model," Hoskinson said. Hoskinson sees the main threat to Ethereum in the L2 solution ecosystem, such as Arbitrum and Optimism. Instead of solving scalability issues, he believes these networks siphon value away from the main chain. "Layer two solutions are more like parasites — they suck all the profit from the main chain. Instead of unification, we see disunity," he noted. He doubts that the current governance structure of Ethereum will be able to cope with the growing pressure and remarked that the network's co-founder, Vitalik Buterin, will find it "increasingly difficult to keep the piles of people together by sheer will." Despite the existing problems, the community is looking forward to the Pectra update, scheduled for May 7👆, and Fusaka, which could significantly improve the scalability and efficiency of the network.