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

PANews April 24th news, according to Cryptopotato, Cardano founder Charles Hoskinson questioned the long-term development of Ethereum at an AMA event on Wednesday, believing that the blockchain may not survive in the next 10-15 years. The Ethereum co-founder pointed out three structural flaws: wrong economic model, virtual machine design and consensus mechanism, and criticized the Layer2 solution for becoming a "parasitic system", which failed to solve the core expansion problem and instead extracted the value of the main chain. Although Ethereum still maintains its maximum lockout (TVL), Hoskinson compares its situation to former tech giants MySpace and BlackBerry, predicting that users will gradually migrate to other ecosystems, especially the Bitcoin DeFi system.