Have you heard of it? Ethereum He’s dead. Or no…wait, it’s a pivot. The price is not sufficient. Other chains have gained traction. Something has to be done.
Ethereum He’s not dead. It’s not a pivot. It’s doing well.
The constant chatter about Ethereum Online appears to meet the need for drama that the network itself could not provide. Ethereum is the world’s leading and largest programmable Blockchain Since its founding. When Ethereum approaches that 10th Birthday, it remains a favourable destination for digital asset investors, banks and startups in the crypto ecosystem.
Perhaps the biggest source of friction in ecosystems comes from the gap between those who view Ethereum as a computing platform, those who see the foundations of the future of digital finance, and those who want it to be an ideal storage of digital assets and value. Bitcoin. For the latter group, Ethereum’s low asset prices Bitcoin It is a lasting source of disappointment.
For those who view Ethereum primarily as a computing platform, low asset prices are secondary to the highly successful transformations of networks over the past few years. In their view, and in my own opinion, Ethereum goes from strength to strength.
Ethereum & Now
With five years of clock back, things looked different. Ethereum was closer to a much-successful proof of concept than its financial future.
The network struggled to carry out more than 1 million transactions per day, and when it got busy, transaction fees reached absurd levels, reaching as much as $50 on a single payment or transfer. And every transaction comes with a significant carbon footprint thanks to its work proof transaction processing system.
today, Proof of work The system is gone. Instead, Stake evidence Handles the same workload with a 99% lower carbon footprint.
Ethereum’s capacity crunch is also a distant memory. Today, the network can process up to 250-450 million transactions per year, according to recent estimates. Over 100 companies are building expansions on top of Ethereum (known as the Layer 2 Network). A big mismatch between available capacity and actual typical demand This led to a collapse in transaction fees. Prices for these extended networks It’s definitely in between $0.01 and $0.10 per L2FEES.INFO data.
Reducing transaction fees means lower “dividends” for network stakeholders. Ethereum’s stake system and proven layer 2 scaling was so successful that the plunging fee effectively reduced the “yield” on staking, reducing the value of Ethereum in the views of some investors, especially those who view Ethereum as a Bitcoin variant.
But Ethereum it’s not Bitcoin. Ethereum’s incredible success comes from its strength as a constant platform to build. The platform gathers strength over time, supported by the developer community and the continuous adoption of new features.
This is where Ethereum truly shines. The network worked for nearly 10 years with no downtime and performed major network upgrades every 6-8 months. In terms of reliability, there are no other blockchain ecosystems nearby.
Tomorrow’s ethics
The Ethereum Foundation (EF), the organization that manages the development roadmap, has strategically invested in critical technologies and, very importantly, resilience.
Almost every major component of a network infrastructure has multiple unique providers, many of which are funded by grants from EF. This means there is no single point of failure. Over 1 million people bet on Ethereum per data beaconcha.inand there’s more 10,000 active network nodes. The latest Ethereum roadmap, released in November, is a multi-year path to an increase in different orders of capacity and performance.
If you want to sell meme coins now and sell them immediately, this is not so interesting. But it’s all very important that banks, businesses and governments are thinking about reshaping the future of financial infrastructure. This second group of builders moves more slowly, but with much greater long-term value. It’s no surprise that Ethereum has more than 85% of “real world” digital assets and more than 50% of Stablecoin’s value.
Ethereum asset prices could still recover as rising demand offsets lower trading prices. Ethereum pricing patterns will be different now.
It swings up and down based on geopolitics, not digital gold. This is the next network computing platform driven by sustained growth in transaction volumes. Adjusting your perspective makes the upward and subsequent passes much more clearly visible.
