The Inevitable Convergence: How Ethereum Became The Settlement Layer For All ...
In the race to build faster, cheaper, and more scalable blockchains, every major altcoin ecosystem has traced back to Ethereum. What began as a single programmable blockchain has evolved into the base layer of liquidity, infrastructure, and innovation for the broader crypto economy. Two High-profile Chains That Chose Integration Over Isolation A new compelling argument has emerged, which redefines the future of Layer 1 (L1) blockchains, particularly those compatible with the Ethereum Virtual Machine (EVM). According to the Head of the Ecosystem at Ethereum Foundation, James_gaps, Celo and....
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Bitcoin programmability may also help further drive Bitcoin adoption as both a technical and financial layer in our society, which in turn may “drive up the price” over the long term. While the Bitcoin network isn’t programmable, it serves as an excellent settlement layer to build robust applications on top of, says Hiro CEO Alex Miller.Hiro provides Bitcoin development tools for developers to build on the Stacks blockchain. Miller said Stacks inherits the Bitcoin network’s security through a consensus mechanism called proof-of-transfer (although this is a controversial statement for....
Ethereum’s position as the default smart-contract settlement layer for tokenized finance is facing a new test after Google Cloud revealed plans for a Layer-1 network—Google Cloud Universal Ledger (GCUL)—explicitly aimed at financial institutions and programmable with Python. Google Cloud Enters The Arena In a LinkedIn post, Rich Widmann, Google Cloud’s global head of Web3 strategy, […]
There’s a good reason why people refer to Ethereum as the king of alts. In a literal sense, it is the biggest altcoin by market cap. But there’s something to be said about its accomplishments towards becoming a global settlement layer as well. Certainly, during the five years since it launched, the Ethereum Foundation has […]
While the world waits for Ethereum 2.0, trailblazing developers are taking matters into their own hands with innovative solutions. On the latest episode of Blockchain and Booze, Draper Gorem Holm’s Adam Levy sits down with three leaders in the blockchain industry to talk about layer-two solutions on the Ethereum network. Levy is joined by Stani Kulechov of Aave, Jack O’Holleran of Skale and Antonio Juliano of dYdX. What began as a discussion on high fees quickly transitioned into a greater commentary on the potential power of decentralized finance.The Ethereum conundrumFor those not....
According to Polygon’s co-founder, Sandeep Nailwal, it is only a matter of time before Ethereum overtakes Bitcoin as the dominant layer-1 protocol. “Sooner or later, ETH will outpace Bitcoin and become the global standard”, said Polygon co-founder Sandeep Nailwal in an exclusive interview with Cointelegraph. Nailwal believes that Ethereum will eventually become "the ultimate settlement layer" for the DeFi space. Polygon will play a major role in ensuring the long-term success of Ethereum through its scalability solution. Despite increasing competition from other layer-1 protocols, such as....