May 1, 2024

Charles Hoskinson: Ethereum development inhibits too much dependence on Buterin

One of the reasons why the development of the Ethereum smart contract platform is not going fast enough isis the figure of Vitalik Buterin and too much dependence on his words and actions. This opinion was expressed in an interview with Cointelegraph by the founder of Cardano and CEO of IOHK Charles Hoskinson.

“Essentially, Ethereum moves at the speed of Vitalik. If he knows how to do something very well, and has competence in something, they will succeed. But if we are talking about research, about launching a product on the market, all this requires experience. ”— Hoskinson said.

He also emphasized that for Vitalik Buterin Ethereum is the first major project.

“He hadn’t done anything like this before. This is his first company, his first project. He never did research, never was CEO. ”— said Hoskinson, who was also one of the co-founders of Ethereum.

Another object of criticism by Hoskinson is the overly optimistic Ethereum roadmaps, the content of which leads to unrealistic expectations.

“I think the marketing and culture of Ethereumnot doing well with managing expectations. Things that can take 5, 10, 20 years, be it the decentralization of the Internet, the creation of a new token economy, scaling are all very complex things, each of which requires a lot of work both from a scientific and an engineering point of view. However, there is a belief in the Ethereum community that somehow everything will work and be completed in a few months and years, and not in decades ”,— he added.

At the same time, Hoskinson emphasizes that he has great respect for Buterin and sees in Ethereum one of the main competitors.

“Vitalik — good guy.I never questioned his ethics, moral principles or belief in his product and ecosystem. I think Ethereum is here to stay and will remain relevant and one of our main competitors,”— Hoskinson concluded.

Recall that in March Vitalik Buterin published a project roadmap for the next 5-10 years. It covers not only the Ethereum 2.0 network, but also the later stages of ecosystem development.