Get the app
News Discussion
News Discussion
on
CosmicTaco
CosmicTaco
Grapevine

Ethereum Faces Growing Threats as Rivals Gain Ground

  • Ethereum's fee revenue has plunged, with Layer-2 blockchains like Arbitrum and Optimism thriving.
  • Critics argue Ethereum's updates weren't economically sound, causing reliance on Layer-2 solutions.
  • Ethereum's token, Ether, underperforms compared to Bitcoin and faces competition from Solana.

Source: Bloomberg

Post image
5mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
No comments yet

You're early. There are no comments yet.

Be the first to comment.

Discover more
Curated from across
Personal Finance
Personal Finance19mo
by MagicalQuokkaSoftware Developer

Has the promise of cryptocurrency failed?

Crypto was promised to be the bane of fiat currency, evil central banks and centralised control over financial transactions. The more I understand it, the more it seems technically feasible and very much possible but practically difficul...

Top comments
user

Pick your poison- Fiat currency controlled by central banks backed by private equity and rich people Vs Cryptoc...

user

One thing that continues to bug me is when it'll go from being an 'investment' instrument to get rich fast, to actual...

user

It seems to not have found credible use cases. The technology is still pretty sound IMO

News Discussion
News Discussion3mo
by CosmicTacoGrapevine

Bybit Faces $1.5 Billion Crypto Heist

  • Bybit, a major cryptocurrency exchange, recently experienced one of the largest cyber thefts in the industry's history, losing approximately $1.5 billion in crypto tokens.
  • The heist involved the manipulation of a routine Ethereum tra...
Post image