Odaily News Cardano founder Charles Hoskinson questioned the long-term development of Ethereum in an AMA event on Wednesday. He said that although Ethereum has the largest total locked value (TVL) of all networks, it may not survive in the next 10 to 15 years. The Ethereum co-founder pointed out three major structural flaws: wrong economic model, virtual machine design and consensus mechanism, and criticized the Layer2 solution for becoming a "parasitic system" that failed to solve the core expansion problem and instead extracted the value of the main chain. Although Ethereum currently still maintains the largest locked value (TVL), Hoskinson likened its situation to former technology giants MySpace and BlackBerry, predicting that users will gradually migrate to other ecosystems, especially the Bitcoin DeFi system. (Cryptopotato)
