The post Ethereum Might Not Even Survive Next 10-15 Years – Says Cardano Founder Charles Hoskinson appeared first on Coinpedia Fintech News
Charles Hoskinson, the founder of Cardano and one of Ethereum’s early co-founders, has issued a controversial warning about Ethereum’s future. During a recent interview with Altcoin Daily, Hoskinson said Ethereum might not even survive the next 10 to 15 years, despite being the second-largest cryptocurrency by market cap.
Layer 2 Networks Could Be Draining Ethereum’s Core Value
Hoskinson expressed concern over Ethereum’s growing reliance on Layer 2 (L2) networks for scalability. According to him, these networks, instead of solving Ethereum’s core limitations, are pulling value away from the main chain. He likened Ethereum’s situation to that of tech giants like Myspace and Blackberry—innovators that ultimately collapsed under competition and mismanagement.
“Ethereum is becoming a victim of its own success,” Hoskinson warned, suggesting that the platform’s ever-increasing complexity could be its downfall.
Crypto Community Reacts: Support and Backlash
As expected, Hoskinson’s remarks triggered strong reactions across the crypto space. Critics fired back, accusing him of hypocrisy.
“The guy who copied Ethereum and made it worse is now predicting its death?” one user wrote on X (formerly Twitter).
Others, however, agreed with his concerns, pointing to Ethereum’s repeated delays, complex architecture, and high gas fees as signs of a project that’s losing momentum.
Ethereum Fights Back with Euclid Upgrade
Despite the criticism, Ethereum developers are actively pushing forward. Scroll, one of Ethereum’s leading Layer 2 solutions, just unveiled its largest upgrade yet—Euclid. The update promises to reduce gas fees by up to 90% and enhance network performance, marking a significant milestone since Scroll’s launch.
This move shows Ethereum isn’t giving up easily, even as rival blockchains like Solana continue to gain traction among developers and users.
ETH Price Struggles Amid Growing Competition
Ethereum’s price remains under pressure. ETH is still down nearly 360% from its all-time high of $4,878, and investors are increasingly exploring alternatives. With faster and more scalable platforms entering the scene, Ethereum’s dominance is being challenged like never before.
Charles Hoskinson’s harsh comparison may seem like headline-chasing, but it echoes real concerns echoed by others in the community. As Ethereum doubles down on upgrades, the next few years could decide whether it continues to lead—or follows the path of past tech titans.
