Ethereum update: Why Can’t We Eliminate Crypto From Blockchain?
so, here’s my thought. in order for blockchain to be widely adopted, first and foremost, we need to eliminate this volatile thing called ‘cryptocurrency’. without cryptocurrency, blockchain will be more peaceful and far from speculation. and thus, financial institutions will more likely to adopt the technology, because they hate super-volatile assets like crypto
Who on earth would use and hodl ETH or BTC knowing that their value can disappear 80-90% within just 6 months? that’s literally gambling. any sane person with billions of dollars would not bet on such technology. This is also the reason why permissioned/private blockchain become alternative for corporations as they eliminate the need of cryptocurrency.
So any educated person, please tell me why do we need ETH as the token to incentivize the ethereum blockchain? Why can’t the native cryptocurrency to pay all the gas is actually a stablecoin?
About Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Author: wokad
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