Charles Hoskinson, founder of Cardano and co -founder of Ethereum, sounds the alarm: according to him, Ethereum will not survive the next 15 years. In question? Degree technological choices and failing governance. A warning that shakes the crypto universe and relaunches the debate on the future of major blockchains.
In short
- Charles Hoskinson says that Ethereum could disappear within 10 to 15 years.
- It points to three major errors of Ethereum: the accounting model, the virtual machine and an ineffective consensus.
- It praises the technological assets of Cardano, in particular the UTXO and Hydra model.
- He predicts that Ethereum will be surpassed by Bitcoin Defi.
The causes of the end of Ethereum, according to Charles Hoskinson
The founder of Cardano, Charles Hoskinson, launched a scathing criticism against Ethereum, saying that the second largest blockchain in the crypto universe may not survive the next 15 years. During a session ” Ask me anything »Disposed on April 23, he highlighted three major design errors: a bad accounting model, an unsuitable virtual machine and poorly chosen consensus.
According to Hoskinson, these technical decisions now hamper Ethereum's ability to evolve. He also criticizes the addition of second -layer solutions and complex Slashing mechanisms, deemed ineffective: ” They have set up lots of bizarre things, but the consequences are starting to be felt. »»
For Charles Hoskinson, the real Achille d'Ethereum heel is his lack of robust on-chain governance. He considers It would take five to seven years to build an effective governance system, which risks drastically slowing any reform. “” Vitalik will not be able to maintain the cohesion of the network indefinitely by the sole force of his will He warns.
Cardano as a credible alternative?
The founder of Cardano also compared the trajectories of Ethereum and Cardano. He highlights the technological choices of his own blockchain: virtual machine based on Risc-V, extended UTXO model and scalability via Hydra and Sidechain Midnight. “” We have already joined the right decisions that Ethereum should adopt He says.
Charles Hoskinson predicts that rapid monolithic blockchains and a rise in Bitcoin Defi could quickly surpass Ethereum in liquidity and user experience. He evokes a risk of ” hostile divorce Between the Layer 1 of Ethereum and its scaling solutions.
Ethereum is a brilliant project, but a victim of his own success, according to Charles Hoskinson. As the eth exploded by 30 %, without a deep overhaul of its architecture and its governance, the blockchain could end up exceeded, like Myspace or Blackberry in the past. A statement that relaunches the debate on the future of the decentralized crypto.
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