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.