Kevin O’Leary Slams Ether’s Speed, Says It’s Not Just About Bitcoin And Ethereum Anymore

Kevin O’Leary Slams Ether’s Speed, Says It’s Not Just About Bitcoin And Ethereum Anymore
фото показано с : zycrypto.com

2021-9-17 19:11

Kevin O’Leary aka Mr. Wonderful Slams Ethereum’s Speed, Says it’s Not Just About Bitcoin and Ethereum Anymore

Shark Tank star Kevin O’Leary believes Ethereum’s speed is “too slow” for users, and expects more advanced chains would emerge to address this issue. O’Leary also hinted at the SEC’s move to warn Coinbase over a yet-to-be-launched lending product, stating that is a slowdown in regulation.

The millionaire investor, also known as “Mr. Wonderful,” asked US regulators to step up and bring regulations to the speculative crypto industry. “We want the regulator to actually make some decisions about crypto because none of us that are in financial services want to actually be cowboys about this,” he said. O’Leary further emphasized the matter of regulation, saying he wouldn’t dabble in crypto if regulators say “it’s not OK.”

In an interview with CNBC, O’Leary asserted that other promising cryptocurrencies are emerging, and it is not just about Bitcoin and Ethereum anymore. “I am bullish on crypto, but also DeFi, decentralized finance. You know, it’s not just about bitcoin anymore or ethereum,” he said.

A recent report by the leading blockchain analysis firm Coinshares reveals that institutional investors are shifting from Bitcoin and Ethereum to Solana. As per the report, SOL investment products accounted for over 85% of the total weekly inflows for the week ended by September 10.

Solana Resumes Outperforming Ethereum, Attracting NFT Projects

Following footprints of the Ethereum blockchain, Solana blockchain is now attracting successful NFT projects. Solana-based NFTs, which are, for the most part, a replica of the Ethereum-based collections, are selling for serious money. 

Solana’s version of the popular NFT collection Bored Ape Yacht Club, dubbed Degenerate Ape Academy, is spreading exceptionally fast, attracting big investors. Just recently, blockchain advisory firm Moonrock Capital acquired one of these NFTs for $1.1 million.

On September 11, Moonrock Capital unveiled that it has purchased the 13th rarest Degenerate Ape Academy NFT for 5980 SOL, worth over $1.4 million at current rates.

It is worth mentioning that the only similarity between Degenerate Ape Academy and Bored Ape Yacht Club NFT collections is that they share the same animal. Apart from this, the projects have very distinct designs.

Starting late July, it was obvious that NFTs are bubbling again. However, largely because of Etheruem’s first mover advantage, almost all of the network congestion was over the Ethereum blockchain. But with the recent spike in the ETH gas fees, more projects are considering migrating to Solana to enjoy low transactions.

Nevertheless, not everyone is happy with Solana’s policy of replicating popular Ethereum-based NFTs. “There’s nothing original about them. I think if Solana wants to be taken seriously for NFTs then they should encourage people to make new and creative projects. Not copy/paste,” one user tweeted.

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ethereum speed leary kevin bitcoin slams anymore

Источник: zycrypto.com

ethereum speed → Результатов: 126


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On Thursday, investor expectations ran high as Ethereum’s major hard fork upgrade went down. The upgrade which was essentially aimed at making improvements to five Ethereum proposals EIPs (EIP-1559) is expected to change and increase the speed of transactions and improve the incentivization of mining Ethereum.

2021-8-7 20:39


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2021-2-4 19:38


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Coinbase Wallet Integrates Native Support For Ethereum’s Scaling Solution

Coinbase Wallet has integrated Optimistic Ethereum, a scaling solution for the Ethereum ecosystem that was developed to enable instant transactions and support scalability in Ethereum-based DApps. This will allow Coinbase wallet users to view their balances and send transactions securely on an enhanced system that doesn’t compromise on safety, speed, or user experience. “We’ve integrated […]

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China’s Blockchain Service Network Reportedly Integrating Ethereum

China’s state-sponsored Blockchain Service Network (BSN) is reportedly moving to start integrating with public blockchains like Ethereum and Nervos Network. News of these potential integrations come just a week after news broke about the BSN utilizing Chainlink Oracles to increase the speed and security of transactions taking place on-chain. This news seems to bode well […]

2020-6-30 05:00


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Breaking: Telegram Announces Discontinuation Of Its Blockchain Project

Telegram CEO Pavel Durov has announced the end of its ‘next-generation’ TON project and Gram Cryptocurrency due to regulatory hurdles. The project was following the decentralization path of Bitcoin and Ethereum and was also aiming to be superior in terms of scalability and speed but unfortunately was halted by a US court over preconception concerns. […]

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