{"id":6952,"date":"2025-09-11T05:00:45","date_gmt":"2025-09-11T05:00:45","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/cardano-founder-hoskinson-says-ethereum-is-doomed-to-fail-heres-how\/"},"modified":"2025-09-11T05:00:45","modified_gmt":"2025-09-11T05:00:45","slug":"cardano-founder-hoskinson-says-ethereum-is-doomed-to-fail-heres-how","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/cardano-founder-hoskinson-says-ethereum-is-doomed-to-fail-heres-how\/","title":{"rendered":"Cardano Founder Hoskinson Says Ethereum Is Doomed To Fail: Here\u2019s How"},"content":{"rendered":"

In a wide-ranging CoinDesk interview released yesterday, Cardano founder Charles Hoskinson sharpened a years-long critique of Ethereum\u2019s long-term viability, arguing that the network\u2019s reliance on rollups and external scaling layers has created economic incentives that will ultimately hollow out the base chain. While acknowledging Ethereum\u2019s technical progress, he contended that \u201cas a general-purpose, smart-contract ledger,\u201d the project has nurtured an ecosystem that \u201cwill slowly but surely eat [it] alive.\u201d<\/p>\n

Why Ethereum Is Doomed To Fail: Cardano Founder<\/h2>\n

Hoskinson constellation of L2s. \u201cTo make Ethereum better, they\u2019ve had to embrace layer twos,\u201d he said. \u201cThe layer twos are not strong allies\u2026 they\u2019re partners of necessity.\u201d<\/p>\n

In his view, rollup teams \u201cdon\u2019t particularly care if they\u2019re attached to Solana or they become a layer one,\u201d so if better economics or user growth lie elsewhere, \u201cthey could simply migrate or go multi-chain.\u201d New applications and liquidity, he added, are already \u201coutside of the Ethereum ecosystem,\u201d eroding the network\u2019s historical network effects.<\/p>\n

“So if they’re gobbling up the transaction volume and gobbling up the users and they’re gobbling up the token appreciation, if there’s a more attractive target, they could simply migrate or go multi-chain,\u201d Hoskinson said, adding that this trend is already observable with LayerZero and Espresso.<\/p>\n

That erosion, Hoskinson argued, is set to accelerate as two external forces gather momentum. First, he described Bitcoin DeFi as a \u201csleeping giant\u201d that could attract \u201chundreds of billions\u201d in total value once primitives such as stablecoins, DEXs and lending are built with credible security assumptions. \u201cWhen Bitcoin wakes up\u2026 its TVL will be\u2026 larger than the market cap of Ethereum,\u201d he said, noting that sovereigns and major asset managers would likely prefer to build around Bitcoin exposure.<\/p>\n

Second, he expects large technology platforms and traditional financial institutions to enter with their own infrastructure, adjacent to public chains but not economically dependent on Ethereum\u2019s base layer\u2014\u201cMicrosoft\u2026 Google\u2026 Amazon\u2026 have no incentive to go boost Ethereum or deploy on Ethereum,\u201d he said.<\/p>\n

The technological arc, in Hoskinson\u2019s telling, also tilts away from shared-state blockchains. As zero-knowledge proofs and \u201cproof-carrying code\u201d mature, more computation can be executed off-chain\u2014in secure enclaves, on devices, or within MPC systems\u2014leaving the chain to verify succinct proofs. \u201cWhy\u2026 spend billions of dollars a year maintaining this very weak computer that\u2019s shared and replicated,\u201d he asked, \u201cwhen you can turn it into a distributed problem that runs everywhere?\u201d<\/p>\n

Like Microsoft missing mobile and pivoting from Windows dominance to Azure, he suggested, Ethereum may ultimately need to \u201cpivot to a new McGuffin\u201d to retain relevance even if it remains present in the stack.<\/p>\n

Notably, Hoskinson\u2019s assessment was not unqualified dismissal. He credited Ethereum for \u201ckeeping up with the times,\u201d investing in rollups and zero-knowledge technology, and building a \u201cGoliath\u201d ecosystem that survived early funding scares and the DAO crisis. \u201cThey\u2019ve done some really incredible things,\u201d he said, and he allowed that \u201cit\u2019s entirely possible that Ethereum could pivot\u2026 and get very good at that\u201d new role. The nub of his skepticism is not competence but structure: in his view, the more rollups succeed, the less compelling the L1 becomes as the economic hub.<\/p>\n

The remarks reprise and elaborate on a stance Hoskinson aired earlier this year, when he said during an AMA: \u201cI don\u2019t think Ethereum will survive more than 10 to 15 years,<\/a>\u201d predicting that L2s would \u201csuckle out all of the alpha.\u201d<\/p>\n

Hoskinson\u2019s analysis also folds into his own current bets for Cardano. He cast Bitcoin-centric DeFi as a three-rule design target\u2014security derived from Bitcoin, fees paid in Bitcoin, and yields returned in Bitcoin\u2014and argued that companion chains and trust-minimized bridges will be necessary to make it work. He presented Cardano\u2019s extended-UTXO design and its privacy sidechain Midnight as infrastructure positioned to serve that market while offering selective-disclosure compliance for institutions.<\/p>\n

At press time, ADA traded at $0.89.<\/p>\n

\"Cardano<\/p>\n","protected":false},"excerpt":{"rendered":"

In a wide-ranging CoinDesk interview released yesterday, Cardano founder Charles Hoskinson sharpened a years-long critique of Ethereum\u2019s long-term viability, arguing that the network\u2019s reliance on rollups and external scaling layers has created economic incentives that will ultimately hollow out the base chain. While acknowledging Ethereum\u2019s technical progress, he contended that \u201cas a general-purpose, smart-contract ledger,\u201d…<\/p>\n","protected":false},"author":1,"featured_media":6953,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[183,315,316,185,318,319,51,53,55,71,232],"class_list":["post-6952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-ada","tag-ada-news","tag-ada-price","tag-cardano","tag-cardano-news","tag-cardano-price","tag-crypto","tag-crypto-news","tag-cryptocurrency-market-news","tag-ethereum","tag-ethereum-news"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/6952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=6952"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/6952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/6953"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=6952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=6952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=6952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}