Editor's PiCK
Cardano Founder Criticizes Ethereum: "It Will Disappear in 15 Years"
Summary
- Charles Hoskinson claimed that Ethereum will disappear within 10 to 15 years.
- Hoskinson criticized the Ethereum Foundation's flawed models and Proof of Stake protocol issues.
- As of the 24th, Ethereum is trading at around $1,770, down approximately 1.3% from the previous day.
Charles Hoskinson, founder of Cardano (ADA), claimed that "Ethereum (ETH) will disappear within 10 to 15 years."
Hoskinson stated on his YouTube broadcast on the 23rd (local time) that "Ethereum is similar to BlackBerry, which once dominated the smartphone market but disappeared due to the Apple iPhone."
Hoskinson also criticized the Ethereum Foundation. He said, "(The Ethereum Foundation) has a flawed accounting model, virtual machine, and consensus model," and added, "Ethereum's Proof of Stake (PoS) protocol is also flawed." He continued, "Ethereum's Layer 2 has a parasitic relationship with the main chain," and "Ethereum lacks an on-chain governance system to efficiently solve these issues."
Meanwhile, as of the 24th, Ethereum is trading at around $1,770 on CoinMarketCap, down approximately 1.3% from the previous day.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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