Fun

Analyst Lyn Alden Says Ethereum Is Still an ‘Unfinished Project’

News Feed - 2021-01-20 10:01:28

Analyst Lyn Alden Says Ethereum Is Still an "Unfinished Project"


A bitcoin (BTC) strategist and investor remain skeptical towards the Ethereum protocol, considering it an “unfinished product.” Lyn Alden, an advisor for the dollar cost averaging BTC investing app Swan Bitcoin, believes the network lacks a concrete model, “other than just speculation.” Alden Prefers Bitcoin’s Modular Design From an Engineering Perspective


In a blog post on her personal website, Alden pointed out that Ethereum protocol is an unfinished product “on the base layer, with a rather circular use-case so far that revolves around the trading, liquidity provision, and gamification, of altcoins.”


Before going in-depth into analyzing the ethereum (ETH) ecosystem, she clarified that her views are provided from an investor’s perspective.


Lyn Alden prefers Bitcoin’s modular design to Ethereum’s from an engineering perspective. She provided the following reasons: The base layer is simple and stable, designed to be nearly bulletproof. On top of that layer, the ecosystem can innovate, and while it may not move as fast as some people prefer, it moves in the direction that the market wants. That’s also how the existing financial system works; there underlying settlement layers and then faster payment layers built on top of those base layers.


Ethereum Is Still an ‘Experimental’ Project


On the other hand, the bitcoin investor says that many of Ethereum 2.0 design aspects are “clever, and it’s clear that a lot of thought has been put into it.” However, she still believes there is a lot of speculation about “what demand for it will be, how well it will function, and how securely it will maintain itself.”


Alden added: They’re changing many things about the protocol that made it successful in terms of price for the first 5 years of its life, in an attempt to address current limitations that threaten the functionality of the network.


She also clarified that investors should be aware that Ethereum is still in alpha development. Alden forecasts that Ethereum 2.0 could be in place in another five years. Until then, Ethereum should be considered “experimental.”


What do you think about Alden’s thoughts on the Ethereum protocol? Let us know in the comments section below. Polkadot Flips XRP to Become the Fourth-Ranked Crypto After Price Spikes 100% in Less Than a Week ALTCOINS | 3 days ago Venezuelan President Maduro Promises 2021 Will Be the Year to Boost Usage of Petro ALTCOINS | 5 days ago Tags in this story Bitcoin, bitcoin investor, crypto projects, engineering, Ethereum (ETH), Ethereum 2.0, Ethereum Network


Image Credits: Shutterstock, Pixabay, Wiki Commons Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here. Show comments

News Feed

Turner Wright4 hours agoBinance.US request for protective order against SEC goes to magistrate judgeThe legal team for Binance.US filed a motion for a protective order on Aug. 14, claiming it was necessary to protect the
Fort Worth Is Mining Bitcoin in City Hall, Mayor Wants to Transform Region Into a Tech-Friendly City
Fort Worth Is Mining Bitcoin in City Hall, Mayor Wants to Transform Region Into a Tech-Friendly City On Tuesday, Fort Worth mayor Mattie Parker and Fort Worth revealed that the cit
Grayscale Buys 33% of All Bitcoin Mined in Last Three Months
Grayscale Buys 33% of All Bitcoin Mined in Last Three MonthsGrayscale Investments bought up to 33% of all newly minted bitcoin over the last three months, as the asset manager conti
Crypto firms’ vulnerability to CrowdStrike blackout: Analyst insights
Amaka Nwaokocha1 hour agoCrypto firms’ vulnerability to CrowdStrike blackout: Analyst insightsAlthough no major crypto exchange was affected by the CrowdStrike downtime, analysts provided possible impacts in a case whe
Bank of England’s Cunliffe Warns Crypto Is ‘Prone to Collapse’ — Touts ‘Same Risk, Same Regulatory Outcome’
Bank of England"s Cunliffe Warns Crypto Is "Prone to Collapse" — Touts "Same Risk, Same Regulatory Outcome" Bank of England’s deputy governor for financial stability, Sir
Biggest Movers: ADA, XRP Rebound From Recent Losses on Friday
Biggest Movers: ADA, XRP Rebound From Recent Losses on Friday Cardano climbed for a second consecutive session on Dec. 23, as the token surged to its highest point since Monday. O
It’s ‘clear’ the US government is going after Tether — Ripple CEO
Jesse Coghlan3 hours agoIt’s ‘clear’ the US government is going after Tether — Ripple CEOBrad Garlinghouse said he views Tether as an important part of the ecosystem and that its fate will be an “interesting on
Bitcoin Is Wildly Undervalued, Says Bitwise: ‘Fair Price’ Today Is $230,000
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Pac Finance reportedly causes $24M in liquidations via sudden parameter change
Christopher Roark2 hours agoPac Finance reportedly causes $24M in liquidations via sudden parameter changeMultiple users on social media claimed they had been liquidated after a Pac Finance admin wallet allegedly changed
Bitcoin koers worstelt momentum te herpakken terwijl Bitcoin SV 14% pumpt – nu BTC kopen?
De crypto markt lijkt er vandaag nog steeds niet in geslaagd te zijn om een aanzienlijk herstel door te zetten. Ook de Bitcoin koers heeft het nog altijd moeilijk. Wanneer zet Bitcoin zijn weg omhoog weer in en is nu Bit
WEMIX Delisting: South Korean Crypto Exchange Upbit Accused of Instigating Token Removal
WEMIX Delisting: South Korean Crypto Exchange Upbit Accused of Instigating Token Removal According to the CEO of Wemade, Henry Chang, the South Korean cryptocurrency exchange Upbit
Bank of America’s Crypto Research Debuts: Digital Assets Are ‘Too Large to Ignore’
Bank of America"s Crypto Research Debuts: Digital Assets Are "Too Large to Ignore" Bank of America’s Global Research has begun covering crypto, debuting with a report statin