Analyst Lyn Alden Says Ethereum Is Still an ‘Unfinished Project’

Analyst Lyn Alden Says Ethereum Is Still an ‘Unfinished Project’
фото показано с : news.bitcoin.com

2021-1-21 16:45

A bitcoin (BTC) strategist and investor remain skeptical towards the Ethereum protocol, considering it an “unfinished product.” Lyn Alden, an advisor for the dollar cost averaging BTC investing app Swan Bitcoin, believes the network lacks a concrete model, “other than just speculation.”

Alden Prefers Bitcoin’s Modular Design From an Engineering Perspective

In a blog post on her personal website, Alden pointed out that Ethereum protocol is an unfinished product “on the base layer, with a rather circular use-case so far that revolves around the trading, liquidity provision, and gamification, of altcoins.”

Before going in-depth into analyzing the ethereum (ETH) ecosystem, she clarified that her views are provided from an investor’s perspective.

Lyn Alden prefers Bitcoin’s modular design to Ethereum’s from an engineering perspective. She provided the following reasons:

The base layer is simple and stable, designed to be nearly bulletproof. On top of that layer, the ecosystem can innovate, and while it may not move as fast as some people prefer, it moves in the direction that the market wants. That’s also how the existing financial system works; there underlying settlement layers and then faster payment layers built on top of those base layers.

if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });

Ethereum Is Still an ‘Experimental’ Project

On the other hand, the bitcoin investor says that many of Ethereum 2.0 design aspects are “clever, and it’s clear that a lot of thought has been put into it.” However, she still believes there is a lot of speculation about “what demand for it will be, how well it will function, and how securely it will maintain itself.”

Alden added:

They’re changing many things about the protocol that made it successful in terms of price for the first 5 years of its life, in an attempt to address current limitations that threaten the functionality of the network.

She also clarified that investors should be aware that Ethereum is still in alpha development. Alden forecasts that Ethereum 2.0 could be in place in another five years. Until then, Ethereum should be considered “experimental.”

What do you think about Alden’s thoughts on the Ethereum protocol? Let us know in the comments section below.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68677.75 (-0.17%)
Объем 24H $41.71b
Изменеия 24h: -0.28 %, 7d: -3.53 %
Cегодня L: $66916.68 - H: $68910.37
Капитализация $1358.439b Rank 1
Цена в час новости $ 34655.86 (98.17%)

bitcoin btc lyn alden unfinished ethereum dollar

bitcoin btc → Результатов: 126


Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows

Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows.

2024-10-6 07:00


Фото:

This Country Quietly Mined Over 13,000 BTC, Overtaking El Salvador’s Bitcoin Reserves

In a surprising development, Bhutan has significantly increased its Bitcoin holdings, surpassing El Salvador and establishing itself as a major player in the cryptocurrency world. According to data shared by crypto analytics firm Arkham Intelligence on Monday, the Himalayan kingdom now holds just over 13,000 BTC, valued at approximately $780 million. In addition to Bitcoin, […]

2024-9-18 22:55