CoinDesk - Ethereum Usage Will Drop If the Blockchain Doesn’t Boost Speed: Bank of America

in blockchain •  2 years ago 

https://www.coindesk.com/tech/2023/03/23/ethereum-usage-will-drop-if-the-blockchain-doesnt-increase-its-throughput-bank-of-america/
Screenshot_20230410-170017_Chrome.jpg

Ethereum gains a first-mover advantage by enabling smart contracts that cause a network effect by increasing the number of dapps and users.

However, the high number of transactions has resulted in congested networks and skyrocketing transaction fees.

And, according to Bank of America, if the blockchain fails to increase its "throughput," adoption and use of Ethereum will slow down.

What do you think?

Screenshot_20211106-080453_DesignEvo.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!