Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Cardano Creator Charles Hoskinson Says Ethereum Might Not ‘Survive’ Next 10 to 15 Years – Here Are His Reasons

Cardano Creator Charles Hoskinson Says Ethereum Might Not ‘Survive’ Next 10 to 15 Years – Here Are His Reasons

Daily HodlDaily Hodl2025/04/24 16:00
By:by Mark Emem

The founder of the smart contract platform Cardano ( ADA ), Charles Hoskinson, is warning that the future of Ethereum ( ETH ) could be in question.

In an Ask Me Anything (AMA) on his YouTube channel, Hoskinson says he doesn’t “think Ethereum will survive more than 10 to 15 years.”

According to Hoskinson, Ethereum faces existential threats both from within its ecosystem and externally.

“The [Ethereum] layer-2s will continue to suckle out all of the alpha and people will start fighting and it will get harder and harder for [Ethereum co-founder] Vitalik [Buterin] to be able to hold it together through sheer force of will.

And users will gradually migrate to other places and then they’re going to get eclipsed by Bitcoin DeFi (decentralized finance). Because once that turns on, the TVL (total value locked) will be larger than Ethereum and a lot of people will start migrating in that particular direction…

…and the other thing is they’re being eaten alive by Solana and Sui and these other things.

So, brilliant project. It’s just a victim of its own success. Like MySpace [social network] or any of these other things that have a lot of network effect and momentum. BlackBerry [smartphone] is another example. But people have fundamentally different paradigms that over the long term are intrinsically superior. And they creep up on you.”

The Cardano creator says that Ethereum’s problems can be traced to three mistakes made by the founders and developers.

“The number one problem Ethereum has is that they took an easy road out where they did three things wrong.

So first off, wrong protocols. They have the wrong accounting model, they have the wrong virtual machine and they have the wrong consensus model.

All of these were self-inflicted wounds. People told them not to do it, they did it and they got where they needed to go.

Second, what they chose to do to solve these problems is put in all these weird slashing economics and layer-twos and other things and now they’re living with all of the consequences of these types of things.

And third, they really don’t have a good on-chain governance system

So really what needs to happen is you need a parallel track with solving all those three things.”

 

Follow us on X , Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!