Charles Hoskinson: Ethereum will disappear within the next 15 years

Чарльз Хоскінсон" href="https://noworries.news/biography/charlz-hoskinson/" data-bio-id="10 311">Charles Hoskinson, the founder of Cardano ADA $0.88 Cardano -1.45% Market capitalization $31.99 billion VOL. 24 hours $0.12 billion , said that Ethereum ETH $4,328.10 Bridged Ether (StarkGate) -0.76% Market capitalization $0.1 billion VOL. 24 hours $1.63 billion may disappear within the next 10−15 years if its current problems are not resolved. He spoke about this in an interview where he shared his thoughts on Bitcoin BTC $112,551.00 Mezo Wrapped BTC -0.57% Market capitalization $41.67 million VOL. 24 hours $1.71 billion , Ethereum, and his own path in the crypto industry.

Hoskinson recalled that he first heard about Bitcoin in 2010, but began to take it seriously only after key events: the growth of Silk Road, the arrest of Ross Ulbricht, and the banking crisis in Cyprus in 2013. It was then that he decided to dedicate himself entirely to cryptocurrencies, calling himself a «professional bitcoiner.»

As one of the eight co-founders of Ethereum, Hoskinson revisited the reasons for his early exit from the project. He warned young entrepreneurs about the dangers of creating companies with too many founders without clear agreements at the start. In his opinion, this led to conflicts in the Ethereum team at the initial stage.

He emphasized that the principles that were originally supposed to shape Ethereum are actually implemented in Cardano. Among the key advantages, Hoskinson named the Extended UTXO model, liquid non-commodity staking, and built-in governance on the blockchain. These features, in his opinion, ensure Cardano’s long-term viability.

In contrast, Ethereum, according to Hoskinson, has become too dependent on second-tier solutions and faces fundamental limitations. If the situation does not change, he doubts that the network will be able to survive for another 15 years.