MultiversX Tracker is Live!

In defense of Ethereum (now that gas prices are very high)

All Cryptocurrencies

by COINS NEWS 106 Views

I am seeing a lot of criticism towards Ethereum in this sub now that gas prices are very high at Layer 1. Because of this, I want to provide a counterargument in defense of Ethereum.

The internet was too slow for what we now call Web2 at one point — until it wasn't anymore. Everybody from that era remembers the dial-up 28.8-56.6 kbps modems and the struggles of that time, yet the technology eventually caught up with popular demand and here we are.

I believe the same thing will happen with Ethereum, and we will look back at these ridiculous ETH gas prices the same way we do with those slow-ass internet speeds and laugh.

Ethereum is not poorly designed, it is just prioritizing security and decentralization over speed right now (a.k.a. the blockchain trilemma), and rightfully so I might add.

submitted by /u/elrubiojefe
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments