Cardano founder: Ethereum may not survive in the next 10-15 years

Mars Finance News, according to CryptoPotato, Cardano founder Charles Hoskinson stated in a Q&A session at an event on Wednesday that Ethereum might struggle to survive in the next 10-15 years. Hoskinson pointed out three structural flaws in Ethereum: incorrect account model, virtual machine, and consensus model. He particularly criticized the "parasitic" nature of layer-two network solutions, believing these networks have not solved Ethereum's scalability issues and are instead extracting value from the main chain. He compared Ethereum's situation to early innovators like Myspace and Blackberry, predicting that users will gradually migrate to other platforms, especially Bitcoin's decentralized financial ecosystem.