Is this the end for Ethereum? The problems accumulate, and nothing seems to be able to slow down the fall of the prince of cryptocurrencies. Each centimeter of granted terrain is immediately recovered by the competitors, Solana in mind. However, even if Vitalik Buterin does not seem to worry about the future of his blockchain, Ethereum did not say his last word. Investigation.
The end of Ethereum is close, and Vitalik Danse
On a video that runs on social networks, we can see Vitalik Buterin sing and dance on a scene, With a difficult gesture that has become the brand image of the founder of Ethereum. The legend, ” All your savings are in the hands of this man “Is final:” we are cooked “
This painting quite well sums up the feeling that dominates on the side of Ethers holders, The cryptocurrency of the Ethereum blockchain. The network is advancing in slow motion, gets its market share eating by faster and more effective competitors, such as Solana.
Users are invited to use LAYERS 2 such as Base Or Arbitrum Rather than the Mainnet Ethereum, slower and more expensive.
👉 Find out how to easily buy ether
“” This decline is largely due to the erosion of the fundamental characteristics which made the value of Ethereum Explains a Vaneck report.
The Ethereum blockchain is no longer the one on which the same is created. From now on, Users prefer Solana. Cheaper, faster, it especially allows stay on the same network without having to carry out complex operations each time.
Even the Ethereum Foundation, supposed to provide stability and growth in decentralized web3 ecosystemsis on the verge of explosion. By comparison, the Solana foundation is a good student.
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For Vaneck, the Pectra update is the last hope of Ethereum
Ethereum's problemit is to be everywhere at the same time.
At the same time, many sectors of the web3 that we consider today as fundamental, were created thanks to Ethereum. Vitalik Buterin's blockchain allows you to do everything, and dominates volumes in almost all important sectors of the ecosystem.
But in this context, Updates must solve all problems bothand do not improve one sector to the detriment of another. It is an 8-dimensional puzzle to which the Pectra update brings a solution.
First step, the Blobs. This new way of grouping the transactions of Layers 2 increases the speed of the Mainnet for L2 while reducing the costs.
In other words, there is no question of reversing the vapor in this L2 – Mainnet balance, but rather to lubricate the machine. With Pectra, the number of Blobs per block should double.
📰 Also in the news: coup in progress on the Solana blockchain!
Second thing, central update in the operation of Ethereum: users would no longer send transaction requests in the blockchain, But rather “intentions”, a sort of results requests.
Instead of saying ” I want to send 1 ether to such address “It looks like” I want this address to receive 1 ether from me ». With this example, it is difficult to see the difference, of course.
But for more complex transactions, this way of doing would avoid the user to have to carry out convoluted operationslike bridges, which are often originally hacks or malfunctions.
Network validators, who become “solvers”, seek to give the user The fastest and most efficient path.
With the introduction of intentions [requêtes de résultats]users may no longer need to use bridges, which would reduce both security risks and transaction times.
Apparently minimal changes But which touch the very root of Ethereumand which could considerably improve the functioning of the most important blockchain in the world after Bitcoin.
But will this be enough to avoid a fatal fall, Crush the competition and why not relaunch the price of Ether? The future will tell us.
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Source: Vaneck
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Investments in cryptocurrencies are risky. There is no guaranteed high yield, a product with high performance potential implies a high risk. This risk taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital
Cryptocurrency expert, Marc-Antoine began his trip to the web 3 alongside David Prinçay (current president of Binance France) in the French Cryptomonnaies club. Since then, it was by writing articles in the most famous crypto media in France that he spreads the good word. If you have read an article on the crypto, there is a good chance that you have read one of its articles. NFT, Blockchain, Web 3, DEFI, there is not a sector that is foreign to it. And do not ask him what is the next corner that you should buy: it is a maximalist bitcoin (yes, no one is perfect).
Marc-Antoine Caen Poletti
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