Ethereum Faces Identity Crisis Amid Transition to Layer 2 Solutions

10/4/2024 12:29:49 PM

According to Lucas Outumuro, Ethereum is currently experiencing an identity crisis. The network's emphasis on monitoring fee burns conflicts with the shift of on-chain activities to Layer 2 solutions. Although this transition might be beneficial for Ethereum in the long run, the cryptocurrency has faced challenges as the market remains skeptical about the narrative that 'ETH is Money.' (Source)

Ethereum ETH Layer 2 Lucas Outumuro

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