Ethereum’s Long-Term Viability Called Into Question by Cardano Founder Charles Hoskinson

Cardano founder Charles Hoskinson has cast doubt on Ethereum’s future viability, predicting potential collapse within 10 to 15 years due to its underlying design flaws. His warning comes amidst growing concerns about the network’s scalability and efficiency. In a recent interview, Hoskinson suggested that Ethereum’s Layer 2 solutions might actually detract from its core architecture. He cited the demise of Myspace and Blackberry as examples of companies succumbing to their own complexity and attributed this to the increasing challenges for Ethereum. Hoskinson also highlighted concerns about the current proof-of-stake system, arguing it’s ineffective and unsustainable in the long run. He believes past decisions have compounded network inefficiencies, ultimately impacting its ability to evolve effectively.