In his latest Ask-me-any-what stream session on April 23, Cardano founder Charles Hoskinson delivered a stagnation critique of Ethereum's long-term platforms, he called three “self-wounds” and lacking on-chain management needed to heal them.
Ethereum faced 15-year deadline: Cardano founder
Responding to an audience question – “If you run the Ethereum Foundation, what do you do differently?” – Hoskinson Says The project chose the “wrong accounting model, the wrong virtual machine, and the wrong model of consensus,” a triad of design decisions that he now believes that threatens Ethereum's safety. “People told them not to do it, they did it, and they got where they had to go,” he said, before warning that the arrangements were adopted to this day “putting all the strange slashing economics and layer twos and other things,” that the accidental consequences are beginning to bite.
Hoskinson, who co-established Ethereum in 2014 before leaving to launch Cardano two years later, asserting that a viable rotation would require similar works. “First, you need to solve your technological problems,” he said, pointing out Ethereum's proof-of-stake implementation as something “the network needs to lose.”
He suggested a move to what he called a “telescope protocol design” such as Ouroboros-Leios-the upcoming Cardano upgrade-and encouraged Ethereum developers to look at the “Object Model of Swe,” along with Narwhal-and-Tusk-Style consensus, and a move to the Risc-V-V teaching set. “Something like RISC-V with a goal, with an object model like Swees, probably fits their ecosystem properly,” he argued.
But the bigger obstacle, in Hoskinson's point of view, was Ethereum's lack of formal self -administration. “They don't really have a good on-chain management system,” he said. The construction of one, he estimated, would take “five to seven years” given to the network size and hidden stakeholders. Without it, he warned, the upgrades of the protocol and community coordination would remain fragile.
Hoskinson's most popular forecasts came in the middle of the session: “I don't think Ethereum will survive for more than 10 years to 15 years.” He foretold that layer-2 networks will continue to “suck all alpha,” which removes the base chain's utility while sparking inner conflict that will grow “harder and harder for vitalik to hold […] together by sheer force. “
He also fought that a modified Bitcoin ecosystem through Cardano's efforts and faster monolithic chains could miss Ethereum with both the liquidity and user experience. “Sometimes [Bitcoin DeFi] Turns, TVL will be bigger than Ethereum […] And other things are eating them life by Solana and Sui and other things, “he said, pursuing Ethereum's predicament at […] Creeper with you. “
Hoskinson also compared Ethereum's roadmap with his own Cardano. He featured the Virtual Machine based on the RISC-V-Virtual, and the expanded UTXO accounting, and the “non-parasitic” strategy of scaling the layer-2-especially Hydra and the midnight sidechain-as evidence that Cardano began the architectural decisions that he had encouraged Ethereum to adopt.
Hoskinson has confirmed that some of Cardano's management tooling is “kind of strange today,” but keeping it going to be “amazing in three to five years.” On the contrary, he warned, moving Ethereum would be slower and more engaging, providing alternative time platforms to attract developers and liquidity. “Users gradually move to other places and then they get eclipsed by Bitcoin Defi,” he said.
Comments came at a sensitive moment for Ethereum, which completed the proof-stake integration 18 months ago and prepared for upgrades aimed at lowering transaction costs and strengthening throughput. Hoskinson's comments are not likely to replace Ethereum's major developers, but they emphasize a growing debate about whether modular, rollup-centric roadmaps can maintain network unity as competing ecosystems change.
Asked to submit his views, Hoskinson returned to the first principles. “A brilliant project,” he said about Ethereum, “it was [a] victim of its own success. “Without decisive architectural and management reforms, he graduated, the platform threatened” a very irritating divorce “between the base layer and its scaling solutions and, ultimately, decay within the coming decade.
At the time of press, ADA exchanged $ 0.6872.
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