Ethereum Leads Market with 46% Monthly Gains, Outperforming | wmougayar på Binance Square

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Ethereum Leads Market with 46% Monthly Gains, Outperforming Bitcoin and DeFihttps://www.tronweekly.com/ethereum-leads-market-with-46-monthly-gains/

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Born on Thursday 30 July 2015 The ticker is ETH

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No one who joined Ethereum was bought or paid to do so. Everyone is involved based on their own work, journey, convictions or choices. Be wary of other chains who have to pay big bucks (and give tokens) for people to join them, (or write a book about them), on top of bribing validators to validate transactions, half of which would be out of business without subsidies.

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If your primary goal is maximizing bandwidth and minimizing latency, you’re likely building a networked database, not a blockchain. That’s because bandwidth and latency aren’t core blockchain foundational facets. While speed and scalability do matter, they are secondary to deeper mechanism related principles that define blockchains and their applications focus. Trying to use blockchains to replace databases means you’ll end up bloating throughput and manufacturing a bandwidth/latency problem that didn’t need to exist, chasing performance instead of prioritizing credibly neutral decentralization. And you will face brutal competition from the world’s best companies in this space: Oracle, Amazon, Red Hat and Microsoft, to name a few. Distributed databases have long delivered faster, cheaper transaction with the help of central coordination. That’s not what blockchains are for.

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It’s time to flip the outdated notion of crypto as a “risk-on” asset in light of the growing global geopolitical and economic instability. This outdated mindset ignores the structural evolution of crypto. In truth, the best digital assets are really “risk-off” alternatives: decentralized, censorship-resistant, globally accessible stores and rails of value that don’t rely on trust in any single nation-state or monetary authority. During Covid, crypto attracted significant capital as both a safe haven and a source of opportunity, based on its exciting technological promises. No one wishes for more global unrest, but given today’s uncertain landscape, a larger crypto market cap isn’t just good for prices, it’s essential for relevance. The more capitalized crypto becomes, the more it matters on the global stage as a credible, neutral, and durable financial system. We should embrace the new narrative and make it a reality.

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I keep seeing entrepreneurs obsessed with storing data on the blockchain. E.g. storing an attestation on the blockchain is not so innovative. It’s what comes next and what you do with the data. If we are still doing what we can do with databases, we are not doing new things on the blockchain.

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