Ethereum’s Goal? Cracking The Web2 Fortress, Not Fighting Bitcoin—CEO
2025-07-15 00:05:26
Main Idea
Ethereum aims to modernize Web2 and finance systems by functioning as a permissionless operating system for decentralized applications, with recent upgrades enhancing its transaction throughput and community participation.
Key Points
1. Ethereum is compared to a phone’s operating system, enabling the creation of DeFi services, digital IDs, and token markets without permission.
2. Permissionless participation allows anyone to join or improve the Ethereum network, fostering innovation and avoiding exclusionary hard forks.
3. Modular upgrades, such as MegaETH, have demonstrated high throughput (1.7 Ggas/s) and efficiency by separating consensus, execution, and data availability tasks.
4. Ethereum’s price rose to $3,065, reflecting market optimism about its upgrades and new projects, despite criticism that it has slowed Bitcoin’s technological growth.
5. The network’s public code allows global developers to copy or modify it, promoting decentralization and accessibility.
Description
Ethereum’s path is clear. US President Donald Trump isn’t part of this story, but developers and investors are. According to Bitwise CEO Hunter Horsley, Ethereum isn’t trying to outdo Bitcoin on money alone. It wants to update old Web2 and finance systems that still lock people in. Horsley made this point in a recent post on X, where he said the network will serve as the base layer for new apps and fintech tools. Ethereum As An Operating System Based on reports, Horsley compared Ethereum to a ph...
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