Chainfeeds Introduction:
The market value and height of Bitcoin have raised questions about Ethereum's relative weakness, but Ethereum's innovative potential cannot be ignored. This article discusses and summarizes Ethereum's performance in recent years and future trends from multiple perspectives. The discussion focuses on the value of decentralization on the Ethereum route, as well as the competitive advantage analysis of platforms such as Layer 2 and Solana. In addition, the bridge role between stablecoin issuers and centralized exchanges is analyzed.
Source:
https://www.theblockbeats.info/news/54850
Article author:
Ryan, David
Viewpoint:
Bankless: Which one is stronger, Ethereum or Bitcoin? : Ethereum's $300 billion market cap makes its growth face a "gravity effect", and the ambiguity in the value capture mechanism further drags down performance. Kyle advocates dispersing value in productive assets rather than relying on non-productive assets such as Bitcoin or gold. At the same time, it emphasizes that the global and permissionless consensus of blockchains such as Ethereum enables it to provide a unified API to manage multiple assets. Layer 2 Adventure: Solving the Interoperability Problem: The interoperability issues and independent standards between Ethereum Layer 2 solutions weaken the value capture ability of L1. Ethereum's outsourcing of MEV and execution to L2 is a wrong decision. KyleKyle is skeptical about the Rollup-centric roadmap, believing that the gradual growth of the L2 team will compete with L1 and lead to a breakdown in the partnership. The secret of value capture: Ryan believes that decentralization is crucial in terms of censorship resistance and inflation resistance, so he supports the Rollup-centric route. Kyle believes that Ethereum should focus more on building a permissionless financial system. Over-optimizing node decentralization is not the best strategy, especially at a time when stablecoin issuers and centralized exchanges play a key role in connecting cryptocurrencies and traditional finance. Ethereum and Solana, who will win? : Explore the differences in values between Ethereum and Solana. Solana aims to become the world's largest financial exchange, prioritizing user experience and permissionless access, while Ethereum focuses more on decentralization and the distribution of validators. Although Ethereum has advantages in regulatory status and human capital, limitations in system design may hinder the realization of these advantages.
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