Cardano founder says Ethereum has failed to realize its initial vision

Charles Hoskinson, founder of Cardano (ADA), has stated that the Ethereum layer-one network failed to realize the vision initially designed by its co-founders. In an exclusive interview with CoinDesk, he noted that while Ethereum is central to smart contracts and DeFi, it continues to face problems with scalability and high transaction fees. Hoskinson assessed that the introduction of layer-two solutions to lower fees and improve throughput is merely a temporary fix that could undermine the ecosystem's long-term sustainability. This follows a statement he made in April, in which he predicted the Ethereum network would not last more than 10 to 15 years.