PANews reported on May 14 that Grant Hummer, co-founder of the Ethereum ecosystem marketing company Etherealize, expressed concerns about Bitcoin's future due to its security budget issues. Currently, a 51% attack on Bitcoin would only require $8 billion, and if it drops to $2 billion (0.1% of Bitcoin's market value), an attack would almost certainly occur. This will become evident in the next decade. In contrast, Ethereum, with its true decentralization, is poised to become the default consensus point for storing value on the internet. Hummer also mentioned that after discussions with traditional finance executives, it was found that achieving million-level TPS (transactions per second) on a single global state machine is not feasible, but it is entirely possible through Ethereum's neutral settlement layer and high-speed L2 networks. He emphasized that the stability and maturity of decentralized financial infrastructure far outweigh short-term performance improvements, especially in the wave of tokenizing real-world assets (RWA) — currently, 85% of RWAs and most stablecoins have chosen Ethereum. In response to criticisms that "Ethereum is trying to do too much," Hummer countered that this is akin to questioning the multifunctionality of Windows or the internet. He believes Ethereum is becoming the cornerstone of the global financial system, with its security, decentralization, and ecological diversity being key to attracting large-scale institutional adoption.
Etherealize Co-Founder: Bitcoin's Future is Worrisome Due to Security Budget Issues, a 51% Attack Currently Costs Only $8 Billion
View original
PANews2025/05/14 06:06
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Powell May Face Distractions from Trump and Bessent at Jackson Hole Symposium
金色财经•2025/08/18 09:27
South Korea’s Financial Regulator to Submit Stablecoin Regulation Bill in October
Chaincatcher•2025/08/18 08:27
Futures for the three major U.S. stock indexes mostly decline, with the S&P 500 down 0.13%
Chaincatcher•2025/08/18 08:06
ChatGPT mobile app has generated $2 billion in revenue
金色财经•2025/08/18 07:52
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$114,731.18
-3.15%

Ethereum
ETH
$4,245.32
-6.70%

XRP
XRP
$2.95
-5.68%

Tether USDt
USDT
$1
-0.04%

BNB
BNB
$830.99
-3.70%

Solana
SOL
$180.5
-6.42%

USDC
USDC
$0.9999
-0.03%

Dogecoin
DOGE
$0.2206
-5.86%

TRON
TRX
$0.3450
-2.05%

Cardano
ADA
$0.9103
-4.80%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now