Cardano founder "Ethereum's scalability problems remain"

Source
Son Min

Summary

  • Charles Hoskinson, founder of Cardano, pointed out Ethereum (ETH)'s scalability issues and high transaction fees.
  • He said the adoption of Layer-2 blockchains is only a temporary measure and that the sustainability of the Ethereum ecosystem could decrease.
  • Hoskinson had previously expressed the view that the Ethereum network would not survive beyond 10 to 15 years.

A claim has emerged that Ethereum (ETH)'s scalability problems persist.

On the 10th (local time), Charles Hoskinson, founder of Cardano (ADA), said in an exclusive interview with CoinDesk, "Ethereum has failed to realize the initial goals of its co-founders," and "it still faces scalability and high transaction fee issues." He added, "A Layer-2 blockchain was introduced to address this, but it is only a temporary measure," and warned that "the ecosystem's sustainability could decrease."

Previously, Hoskinson had predicted that the Ethereum network would not last beyond 10 to 15 years.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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