Cardano’s Hoskinson Questions Ethereum’s Long-term Viability

Hoskinson, Cardano’s founder, criticized Ethereum’s sustainability during an AMA session on X, raising questions about its future.

Hoskinson’s comments raise concerns over Ethereum’s architectural choices and potential governance challenges, impacting community sentiment and raising questions about its future achievements.

Charles Hoskinson suggested that Ethereum’s survival beyond 10-15 years is uncertain, citing deficiencies in its accounting model, virtual machine, and consensus protocol. These comments were made during an AMA session on April 23, 2025. Hoskinson emphasized that Ethereum’s reliance on Layer 2 solutions diminishes its strength, likening the situation to companies like BlackBerry.

Financial implications of Hoskinson’s forecast appear limited; there has been no direct adverse effect on Ethereum’s market metrics. While Ethereum has underperformed against Bitcoin this year, the price remained stable post-prediction, reflecting ongoing investor confidence. Ethereum’s institutional interest continues, with approvals such as the SEC’s nod for spot Ethereum ETFs boosting confidence.

“They have the wrong accounting model, they have the wrong virtual machine, and they have the wrong consensus model.” – Charles Hoskinson, Founder of Cardano, CEO of IOHK

Hoskinson’s criticism did not trigger significant volatility. Ethereum maintains the highest total value locked among smart contract platforms. Developers remain committed to network scalability and performance upgrades. Meanwhile, the broader crypto market shows resilience, with Bitcoin prices topping $89,000 after recent macroeconomic events. Expert opinions on Ethereum’s future remain divided as the ecosystem keeps evolving, aiming to overcome existing limitations.