Cardano Creator Charles Hoskinson Says Ethereum Might Not ‘Survive’ Next 10 to 15 Years – Here Are His Reasons
The founder of Smart Contract Platform Cardano (ADA), Charles Hoskinson, has warned that the future of Ethereum (ETH) may be discussed.
In one you ask me anything (father) on his YouTube channel, Hoskinson Says He did not “think Ethereum would survive more than 10 to 15 years.”
According to Hoskinson, Ethereum faces existing threats both from within its ecosystem and external.
“The [Ethereum] Layers-2 will continue to suck all alpha and will start fighting people and it is harder and harder [Ethereum co-founder] Vitalik [Buterin] To handle it together by the sheer force of will.
And users gradually move to other places and then they get eclipsed by Bitcoin Defi (decentralized finance). Since once it turns out, the TVL (total -locked amount) will be larger than Ethereum and many people will begin to move in the particular direction …
… and something else eats them with Solana and Sui and other things.
So, a brilliant project. It is just a victim of its own success. Like myspace [social network] Or any other things that have many network and momentum effects. Blackberry [smartphone] is another example. But people have the beginning of different paradigs that in the long run are intrinsically superior. And they creep with you. “
Cardano's creator said Ethereum's problems could be monitored with three mistakes made by founders and developers.
“Ethereum's number one problem was an easy -to -do road outside where they did three things wrong.
So first, wrong protocols. They have the wrong accounting model, they have the wrong virtual machine and they have the wrong model of consensus.
All of these are self -wounds. People told them not to do it, they did it and they got where they had to go.
Second, what they choose to do to solve these problems is put into all the strange slashing economics and layer-two and other things and now they live with all the consequences of these kinds of things.
And third, they really don't have a great on-chain management system
So what needs to happen is that you need a parallel track in solving all those three things. “
https://www.youtube.com/watch?v=9xf-RCWQLDI
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