Why You Are Thinking About Ethereum All Wrong
Ethereum is not dead; it is thriving as the leading programmable blockchain, demonstrating resilience and growth as it nears its 10th anniversary. Critics focus on Ethereum's price, comparing it unfavorably to Bitcoin, yet fail to recognize its evolution into a robust computing platform. The transition from proof-of-work to proof-of-stake has drastically reduced Ethereum's carbon footprint and transaction fees, addressing past scalability issues. Currently, Ethereum supports 250-450 million transactions annually, with lower fees facilitating a larger ecosystem of applications. The Ethereum Foundation is committed to enhancing network resilience and capacity, with many unique providers ensuring no single point of failure. This success appeals to banks and corporations looking to leverage blockchain technology for the future of finance, as over 85% of real-world digital assets are on Ethereum. While the asset price may fluctuate, Ethereum's future as a network computing platform remains strong, suggesting a long-term growth trajectory driven by increased transaction volumes.
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