Charles Hoskinson named three main problems$ETH :
▸ Weak accounting system
▸ Slow virtual machine
▸ Outdated consensus algorithm
▪️ He criticizes L2 solutions like Arbitrum for "parasitism" — instead of scaling the network, they merely redistribute its value.
▪️ "Ethereum will follow the fate of Nokia and MySpace — it was first, but failed to retain the market," said the creator of ADA.
▪️ According to his forecast, Bitcoin DeFi could surpass $ETH in the future in terms of blocked funds.
ETH
1,962.55
-1.07%