Ethereum’s Goal? Cracking The Web2 Fortress, Not Fighting Bitcoin—CEO

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.