Why is Ethereum so lame?

Controversial discussions about the practicality and performance of Ethereum have sparked heated discussions on the social platform X. One user publicly criticized Ethereum, calling it slow, inefficient, and costly, and useless except for memes and specific cryptocurrencies, and pointed the finger at Ethereum co-founders. In response to these criticisms, Buterin strongly defended Ethereum. He pointed out that Ethereum's layer 1 (L1) and layer 2 (L2) solutions are able to confirm transactions in seconds, and L2 transaction costs are less than $0.01, which greatly alleviates the concerns of high transaction costs. He highlighted the achievements of successful projects in the Ethereum ecosystem that demonstrate the practical application and great progress of Ethereum. Buterin also mentioned Ethereum's development in zero-knowledge (ZK) technologies, such as ZK voting and ZK ID.

These technologies have improved Ethereum's security and privacy, demonstrating its creativity and ability to solve real problems. However, critics not only question the technical performance, but also believe that the industry has mainly created blockchain solutions for problems that do not exist in the real world, although a few people have accumulated wealth from them. Users criticized the universal applicability of blockchain technology but recognized his legitimacy.

Buterin tried to debunk the myth that Ethereum is a slow and expensive platform by emphasizing the fast confirmation of transactions and the low cost of L2 solutions. He cited successful protocols to demonstrate the practical application and continuous improvement of Ethereum in decentralized networks. This conversation reflects the ongoing discussion about the practicality and scalability of Ethereum. Despite the controversy, Ethereum's technological innovation and practical application show its potential and ability to solve practical problems.

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