The Ethereum, the second crypto by market capitalization, is again at attention: the air -based statements of Charles HoskinsonCardano (ADA) founder, predicting a slow but irreversible loss of the Ethereum network within the next 15 years.
In a rapidly emerging context of competitive, these words caused a severe debate in the global crypto community.
Cardano predicts the end of Ethereum crypto for 15 years, criticizing the structure and growing
The founder of Cardano released his assessment During a recent Q&A session. According to him, the future of Ethereum is nothing but secure.
“I don't think Ethereum will survive more than 10-15 years,” Hoskinson, who supports his opinion on technical and structural arguments, has been stated.
The Crypto businessman emphasized what he believed was a series of major mistakes within the Ecosystem Ecosystem.
Among the major problems listed by Hoskinson are the Accounting model adopted by Ethereumwhich according to him brings excellence in operation.
The Ethereum Virtual Machine (EVM), a major component that provides the implementation of intelligent contracts, is also criticized for outdated and less -measured architecture.
In addition, Hoskinson questioned the validity of Ethereum's Proof-of-Stake (POS) consent mechanism, replacing the previous Proof-of-Works (POW) in 2022 with the launch of the “The Merge” update.
According to him, the POS version of Ethereum suffers from Systemic flaws That can ruin its stability in the long run.
Beyond the technological base, The solutions to layer-2Protocols built on top of Ethereum to improve its scalability, have been the target of criticism from the Cardano founder. Additional layers, while eliminating certain issues, create new complexity and systematic risks.
There was also a reflection of the capabilities of the current leadership, especially Vitalik Buterinto manage the evolution of the platform.
Hoskinson believes that maintaining internal unity around the project will be difficult over time:
“People will stop fighting and it will be difficult for Vitalik to keep it together,” He noticed.
Do investors lose confidence?
One of the most about aspects involves Investor confidenceHoskinson said it is increasingly drawn to competing networks.
Having alternatives such as Cardano, Solana, and other platforms supported by different protocols can accelerate the flow of users and capital from Ethereum.
This ecosystem change, If confirmed in the coming years, the market position of the second most -capitalized cryptocurrency can be significantly impaired.
In the current state, the Ethereum is exchanged with 1,728.21 dollarswith the denial of 3.59% in the last 24 hours. To an annual level, the cryptocurrency notes A drop of 46%a situation that is more concerned about its long-term performance.
However, despite the pressure, the Projections for the end of April 2024 Outline a possible positive scenario: an estimated possible increase of 22%, that can push the price up to 2,128 dollars.
This potential rebound will give investors a breath, offering a short-term breath of fresh air.
Although the possible increase in value is an encouraging signal, many believe that a simple price increase is not sufficient to restore confidence in the Ethereum project.
The heart of the matter depends on the network structurenot just in the current market value.
The real test is Ethereum's ability to update -continuously, thoroughly, and safely, to meet both the needs of the developers and the pressure of the competition.
Cardano Relaunches: Alternative Model and Stability In Long Time
For his part, Hoskinson promotes Cardano as the most solid and great alternative to Ethereum.
Thanks to its own proof-of-stake model, called OuroborosAnd a structure based on academic examination and verification of scientific, Cardano presented itself as a more sustainable and safe platform.
According to Hoskinson, it is certainly thanks to these qualities that Investors are gradually moving towards Cardano and other emerging networks, leaving Ethereum further separate and spreading.
Charles Hoskinson's statements represent A strong warning signal for EthereumBut also a chance for refinement.
In a sector where the change is the same and the competition is fierce, without a position to be guaranteed forever, even for historical players.
It will be said at the time if Ethereum faces internal challenges and emerging giants, or if Hoskinson's prophecy is fulfilled. Meanwhile, investors and developers need to strictly observe the evolution of competing platforms, in order to adapt the techniques and expectations.
One thing is certain: The coming years will be important for the future of the whole blockchain ecosystem. Ethereum still has resources and a community to react, but if there are no structural interventions, its relevance can be a memory.
