Cardano Calls Ethereum a Living Corpse
Charles Hoskinson, Cardano's founder, launched a scathing attack on Ethereum, claiming that the top smart contract platform will be rendered obsolete in the future.
Quick overview
- Charles Hoskinson criticized Ethereum, predicting it will become obsolete within 10 to 15 years due to internal inefficiencies and competition.
- He compared Ethereum's decline to that of once-dominant brands like MySpace and Blackberry, asserting that Bitcoin DeFi will eventually surpass it.
- Hoskinson, a former co-founder of Ethereum, labeled the network a 'dictatorship' under Vitalik Buterin's influence and criticized its shift towards layer-2 solutions.
- While Hoskinson's views highlight concerns about Ethereum's governance, some argue that he underestimates the platform's decentralized decision-making processes.
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Cardano’s founder launched a scathing attack on Ethereum, claiming that the top smart contract platform will be rendered obsolete in the future.
Charles Hoskinson asserted that Ethereum is a victim of its success, currently facing increasing threats from internal inefficiencies and emerging competitors, drawing analogies to once-dominant digital brands like MySpace and Blackberry. He stated, “I don’t think Ethereum will survive more than 10 to 15 years.“After that, Bitcoin DeFi will surpass them.
Notably, after a disagreement with Vitalik Buterin in 2014, Hoskinson, one of Ethereum’s initial eight co-founders, claimed that the company’s course is unsustainable. He asserts that the increasing complexity of its scaling roadmap, focused on rollups and layer-2 solutions, will eventually cause the ecosystem to break apart and drive customers away.
“The TVL will surpass Ethereum once Bitcoin DeFi activates,” he continued. Hoskinson’s criticism of Ethereum is hardly the first.
He called the network a “dictatorship”, accusing Buterin of having undue influence over the platform’s evolution.
He criticized the shift away from sharding in favor of layer-2 scalability at the time, claiming that Vitalik was the driving force behind Ethereum’s overall vision.
He went on to say that Ethereum decided to “pick a king,” in contrast to Bitcoin’s straightforward and reliable protocol, and that Buterin’s choices, like supporting rollups, have resulted in a disjointed ecosystem controlled by what he refers to as “extractive L2s.” Some Ethereum proponents, however, have made the opposite claim.
Although Buterin’s influence on Ethereum’s philosophy is significant, Hoskinson underestimates the degree of decentralized governance. Community proposals (EIPs), developer conversations, and Ethereum Foundation guidelines are all incorporated into the system.
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