Charles Hoskinson, Cardano founder and CEO of Iohk, expressed serious doubts about Ethereum's survival, arguing that it might not survive over the next 10 to 15 years.
During an AMA session on X on April 23, Hoskinson said, “So, I Don't think Ethereum will survive, you know, more than 10 years at 15. He attributed this to the main design characteristics, who understood A consensual model, a protocol structure and a governance structure.
– Charles Hoskinson (@iohk_charles) April 23, 2025
Hoskinson compared Ethereum to Blackberry, a former technological giant who could not adapt and has now lost its relevance. He said that Ethereum had the bad accounting, virtual machine and consensus method model. In particular, he criticized the version of Ethereum of proof of proof (POS), which he rejected as ineffective with regard to the scale and long -term decentralization.
He also rejected the Layer-2 solutions for Ethereum as “parasite” in Mainnet. Hoskinson said such platforms consume only the value of the chain and do not contribute to Ethereum's functionality, but rather reduce it.
He also noted that it had been aggravated by a lack of chain governance. According to him, the current mechanism of governance outside the chain of Ethereum degrades the cohesion and obstructs the effectiveness of the development of policies.
Fixed fixes and growing competition
Hoskinson underlined certain modifications which could help to adjust Ethereum for future trends in the blockchain industry. He pleaded for a transition to delegated proof of participation, the same adopted by the SUP network and a direct transition to chain governance. He noted that getting rid of the dependence on layer 2 would probably lead to a “hostile separation” between Ethereum and scaling solutions.
According to him, new entrants such as Cardano, Solana et Su have a better chance of capturing the same market share as Ethereum. More specifically, he stressed that Cardano has what can be considered as a complete roadmap, decentralized governance and better integration of lateral technology as proof of a better structure. He added that Ethereum's detronization is possible once the features is launched on Bitcoin or a more efficient parameter emerges.
Hoskinson said that Ethereum is still a “brilliant project”, but he is now a victim of his own growing development and popularity. His comments follow previous criticism, as referring to Ethereum as a dictatorship under the direction of Vitalik Buterin.
Crypto lawyer John E. Deaton replied to Hoskinson's comments on social networks, saying, “Fascinating To listen to an Ethereum co-founder, on the question of whether Ether can even survive. He also specified that he was not aligning with any of the parties but that he was open to hearing the rest of the community.
ADA and ETH under pressure in the middle of the market slowdown
While Hoskinson's remarks circulated, market data reflect increased volatility. In the past 24 hours, as shown in the CoinMarketCap board, several cryptocurrency assets have undergone down pressure, in particular Cardano (ADA) and Ethereum (ETH).
Cardano is currently negotiating at $ 0.6839 and has dropped by 1.60% in the last 24 hours, but it increased by 10.07% on weekly graphics. The daily trading volume fell from 13.62% to $ 866.8 millionIllion, indicating a drop in commercial activity.
Meanwhile, Ethereum is $ 1,742, recording a 3% drop in the last 24 hours but increasing by 9.10% last week. At the same time, its volume 24 hours a day fell 33.50%, with an average of $ 18.2 billion due to reduced activity among traders.
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