ADA founder lashes out at Ethereum's "three major shortcomings": Vitalik admits Cardano is better, ETH could disappear within ten years.

Charles Hoskinson, founder of Cardano (ADA) public chain, publicly cursed Ethereum's three major shortcomings in the live broadcast, and also gave examples of two places where Ethereum may copy Cardano, and predicted that Ethereum may face extinction within ten years. (Synopsis: Ethereum's handling fees hit a five-year low, and the community set off the "L2 poison theory": there are no cars on the road, and V God is still laughing and building highways) (Background supplement: Ethereum "changed RISC-V" to scare away developers? OG warning: ETH ecology will be redistributed, small projects will leave Solana) Charles Hoskinson, co-founder of Ethereum and current founder of Cardano (ADA) public chain, recently criticized the Ethereum ecology in a live video, he believes that Ethereum's layer2 ecology has destroyed the token economy, and the follow-up V God and many innovations are copying Cardano, he believes that Ethereum may die out within ten years, causing heated discussions in the community. Ethereum's three major mistakes: not enterprising Hoskinson believes that Ethereum has fallen into three major problems, including technical problems, on-chain governance problems, and Layer2 economic problems, first of all, he believes that the overall disaster caused by Ethereum's proof-of-stake (PoS) is far greater than the utility, first of all, the problem of centralization, Ethereum essentially cannot be separated from a certain degree of centralization, and the architecture lacks the ability to correspond to new technologies (such as new public chains, AI); The second is the issue of on-chain governance, where there is no way to do anything between Ethereum's governance and system upgrading and coordination, showing sufficient governance tolerance, so that Ethereum can accept different voices; Finally, there is the Layer2 economy, she believes that too many Layer2 tokens will be captured at the value of Ethereum itself, and its own architecture can easily make it impossible to face the competition related to Bitcoin Defi or Solana. Ethereum was a successful project, but now it is suffering from its own design... You go to Perplexity and it thinks about it and gives you an answer directly, which is the better search, not where you find the information you want, but directly gives you the answer. So, when these new paradigms emerge, they will kill you very quickly if you don't respond immediately, and that's where Ethereum is right now. Trying to copy Cardano Interestingly, in addition to criticizing Ethereum, Hoskinson also talked about some of Ethereum's current reforms being modeled on Cardano, first of all about privacy, he believes that Vitalik Buterin's recent tweets about UTXOs and privacy technologies, and Cardano's extended UTXO (EUTXO) is very similar, and he thinks that Ethereum may be indirectly acknowledging Cardano's work in these areas. The second is the update of the RISC-V architecture, he believes that Ethereum made this decision is very good, but Cardano has recently implemented the RISC-V architecture in Bitcoin Defi related work, and this can be easily integrated into Midgard, he believes that Cardano made the right choice earlier than Ethereum. We thought a lot about building a non-parasitic but symbiotic two-layer network ecosystem in Cardano, and that's what Midnight is doing with Cardano. So we have the right account model, we have the right consensus model, we have the right virtual machine model, because we've used RISC-V because of Bitcoin DeFi, and that's always been there and can be easily integrated into Midgard as an extension. Predictions for the future Finally, he also mentioned some places where Cardano can be emulated in the future, he believes that Ethereum's PoS consensus mechanism needs to be replaced with better options, such as Cardano's Ouroboros consensus mechanism, which may be more advantageous in terms of decentralization, which may also be where Vitalik Buterin learns, and finally he also believes that Ethereum may disappear in ten to fifteen years. With their size and size, it takes five to seven years to build an on-chain governance system, so I don't think Ethereum will survive for 10 to 15 years. The two-layer network will continue to suck up all the alpha, people will start to quarrel, it will be more and more difficult for V God to maintain the situation with his strong willpower, users will gradually migrate to other places, and then they will be surpassed by Bitcoin DeFi, because once launched, TVL will surpass Ethereum, many people will start to migrate in that direction, and the paradigm of UTXO naturally leads people in that direction. Related stories Ethereum faces generational calls! 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