The Daily Dive #055 - Evaluating Bitcoin Versus Ethereum As Settlement Networks
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“We need to move NFTs onto the Layer 2 ecosystem to cut fees. However, doing that *right* requires good cross-rollup portability standards, so the ecosystem can avoid getting locked into one particular L2.” - Vitalik Buterin, Creator of Ethereum Many people are familiar with the recent NFT craze that has occurred over the recent months, with digital images of rocks and pixelated characters selling for millions of dollars. Bubble, fad, or the start of something much bigger? That, we cannot know, and we aren’t going to discuss the validity of NFTs as an investment (read: speculation) in today’s Daily Dive, but rather we are going to dive into the comparison of bitcoin versus ether as monetary settlement networks, as Ethereum proponents have attempted to frame ETH as “ultrasound money” increasingly over the course of 2021.
The Daily Dive #055 - Evaluating Bitcoin Versus Ethereum As Settlement Networks
The Daily Dive #055 - Evaluating Bitcoin…
The Daily Dive #055 - Evaluating Bitcoin Versus Ethereum As Settlement Networks
“We need to move NFTs onto the Layer 2 ecosystem to cut fees. However, doing that *right* requires good cross-rollup portability standards, so the ecosystem can avoid getting locked into one particular L2.” - Vitalik Buterin, Creator of Ethereum Many people are familiar with the recent NFT craze that has occurred over the recent months, with digital images of rocks and pixelated characters selling for millions of dollars. Bubble, fad, or the start of something much bigger? That, we cannot know, and we aren’t going to discuss the validity of NFTs as an investment (read: speculation) in today’s Daily Dive, but rather we are going to dive into the comparison of bitcoin versus ether as monetary settlement networks, as Ethereum proponents have attempted to frame ETH as “ultrasound money” increasingly over the course of 2021.