Cardano Founder Predicts Ethereum Might Not Last Another Decade

Cardano founder Charles Hoskinson recently made a statement that has sparked discussion in the crypto world. Hoskinson warned that Ethereum (ETH) might not last another ten years, pointing out serious problems within Ethereum’s structure. Meanwhile, his comments caught the attention of pro-XRP lawyer John Deaton, who found them thoughtful, especially since Hoskinson played a key role in Ethereum’s early development. Cardano Founder Highlights Ethereum Mistakes Recent reports state that Hoskinson believes Ethereum has serious issues due to three main mistakes. First, he mentioned that Ethereum relies too much on Layer 2 scaling solutions. He criticizes this dependence on outside systems, calling them “parasitic.” Hoskinson also highlighted Ethereum’s governance system as a significant weakness. He said that a lack of clear rules and transparency in this process causes confusion and delays in upgrading the network and changing protocols. This uncertainty can harm long-term trust and adoption of Ethereum. The third and most important criticism is Ethereum’s protocol and consensus model. Hoskinson pointed out that even after switching to Proof-of-Stake, Ethereum still works inefficiently. He believes Ethereum lacks the resilience and sustainability needed for long-term success. John Deaton Comments on Hoskinson’s Statement John Deaton, a prominent cryptocurrency and financial legal figure, responded positively to Hoskinson’s comments. Deaton said that Hoskinson’s insider knowledge makes his criticism more credible and emphasizes the need for accountability within the blockchain community. While Ethereum is still a major player in decentralized applications and smart contracts, Hoskinson’s warning shows that its long-term success is not guaranteed. It is worth noting that Ethereum is facing mounting pressure after slipping below the $2,000 mark. The ETH 14% decline in March hit investor sentiment hard, especially as the broader crypto market only dropped by 4% during the same period. Ethereum’s falling volumes were evident in individual protocols as well. Vitalik Buterin’s New Plans for the Ethereum Future Despite its market downturn, the Ethereum team is not giving up. Vitalik Buterin, the blockchain cofounder, introduced a new roadmap to tackle some of Ethereum’s biggest challenges . This includes improving security and scalability, which are issues that have plagued the Ethereum ecosystem for years. A major focus of the roadmap is increasing the use of roll-ups and blobs. Roll-ups process transactions off-chain and send data back to the main network. Meanwhile, Blobs organizes data and makes roll-ups more effective. By 2026, Ethereum plans to have up to 72 blobs, significantly improving scalability. The post Cardano Founder Predicts Ethereum Might Not Last Another Decade appeared first on TheCoinrise.com .

Source: The Coin Rise