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Hoskinson: Ethereum Can’t Survive Without Major Structural Overhaul

  • Charles Hoskinson, co-creator of Ethereum and founder of Cardano, warns that Ethereum may not survive in the next 10-15 years due to fundamental weaknesses in its design and ecosystem.
  • Hoskinson criticizes Ethereum's consensus process, virtual machine, and accounting model, stating that these structural problems could lead to the platform's downfall.
  • He also criticizes Ethereum's reliance on layer-2 (L2) solutions, claiming that they are draining value from the main chain and threatening the platform's economic model.
  • Hoskinson suggests that users may migrate to Bitcoin DeFi platforms if Ethereum doesn't address its issues, highlighting the popularity of DeFi applications on Bitcoin's Lightning Network.

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