* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, September 1, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Comanche Nation Entertainment closes casino near Devol – KSWO 7News

    Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

    Erykah Badu Announces ‘Abi & Alan’ Album With The Alchemist Will Be Delayed – yahoo.com

    Erykah Badu Opens Up About the Delay of Her Highly Anticipated ‘Abi & Alan’ Album with The Alchemist

    If You Needed Some BTS Pics Of The Rock’s Tree Trunk Legs To Spice Up Your Day, We Got ‘Em – yahoo.com

    Need a Boost? Check Out These Epic BTS Shots of The Rock’s Tree Trunk Legs!

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    South Park Is In Trouble And Needs To Change Course, Fast – yahoo.com

    South Park Faces Major Challenges and Must Adapt Fast to Survive

    ‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

    Exciting News: Netflix’s House Entertainment Complexes Are Opening Soon!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    This Secret Technology Will Make The IPhone 17 Super Thin Air – VOI.ID

    How This Breakthrough Technology Will Make the iPhone 17 Incredibly Thin and Lightweight

    Gator football kicks off with excitement and new technology – WCJB | TV20

    Gator Football Kicks Off with Thrilling Action and Innovative Technology

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Propelling solar technology into a perovskite future – CORDIS

    Propelling solar technology into a perovskite future – CORDIS

    13 Top Technology Trends (2025) – Exploding Topics

    13 Game-Changing Technology Trends to Watch in 2025

    Japan’s legacy LCD and chip technology find new home in India – Nikkei Asia

    How Japan’s Breakthrough LCD and Chip Technologies Are Driving Innovation in India

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Comanche Nation Entertainment closes casino near Devol – KSWO 7News

    Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

    Erykah Badu Announces ‘Abi & Alan’ Album With The Alchemist Will Be Delayed – yahoo.com

    Erykah Badu Opens Up About the Delay of Her Highly Anticipated ‘Abi & Alan’ Album with The Alchemist

    If You Needed Some BTS Pics Of The Rock’s Tree Trunk Legs To Spice Up Your Day, We Got ‘Em – yahoo.com

    Need a Boost? Check Out These Epic BTS Shots of The Rock’s Tree Trunk Legs!

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    South Park Is In Trouble And Needs To Change Course, Fast – yahoo.com

    South Park Faces Major Challenges and Must Adapt Fast to Survive

    ‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

    Exciting News: Netflix’s House Entertainment Complexes Are Opening Soon!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    This Secret Technology Will Make The IPhone 17 Super Thin Air – VOI.ID

    How This Breakthrough Technology Will Make the iPhone 17 Incredibly Thin and Lightweight

    Gator football kicks off with excitement and new technology – WCJB | TV20

    Gator Football Kicks Off with Thrilling Action and Innovative Technology

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Propelling solar technology into a perovskite future – CORDIS

    Propelling solar technology into a perovskite future – CORDIS

    13 Top Technology Trends (2025) – Exploding Topics

    13 Game-Changing Technology Trends to Watch in 2025

    Japan’s legacy LCD and chip technology find new home in India – Nikkei Asia

    How Japan’s Breakthrough LCD and Chip Technologies Are Driving Innovation in India

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Ethereum Has Layer 0 Power. But It Could Still Blow It

October 31, 2023
in Business
Ethereum Has Layer 0 Power. But It Could Still Blow It
Share on FacebookShare on Twitter

If there is ever a theme you can detect from my writing and point of view, it’s that the technology world loves a standard, and Ethereum has become that standard.

Additionally, as I never tire of pointing out, once a standard gains a large foothold, it’s remarkably difficult to dislodge it, even when something better comes along. From operating systems to paper checks (or cheques if you’re in the U.K.), once something becomes “good enough”, tools and pathways are built around them.

There are a few illustrations of the power of technology standards and path dependency that can match the enduring existence of paper checks in the U.S. financial ecosystem.

Paul Brody is EY’s global blockchain leader and a CoinDesk columnist.

Once upon a time, the infrastructure that supported paper checks included networks of overnight flights and all-night data processing centers in banks. Those are all gone today, in favor of digital image processing systems. It’s not uncommon to both send paper checks from your bank through online banking and bill pay and then deposit received checks by scanning them with your smartphone. The absurdity of going from digital to analog to digital to close the loop on a payment made between two entirely digital banking systems is truly testament to the power of path dependency.

Ethereum is certainly on a path to becoming not merely a global standard but a deeply entrenched one in the global business and financial infrastructure. However, it’s not quite there yet, and the ecosystem needs to carefully avoid what I think are three risks that could make a significant opening for an alternative solution. All of these involve negotiating a middle path between extremes.

1. The most important and urgent path for Ethereum is to avoid either excessive centralization or decentralization. The entire value proposition of blockchain technology is built upon decentralization. For the more politically inclined, they see it as censorship resistance. For those of us in business, the value proposition is about monopoly resistance. We live in a world of extractive technology monopolies we don’t need anymore.

The current risks posed to Ethereum by immensely powerful staking systems are a case in point. Even well-intentioned entities that inadvertently develop immense power can represent a single point of failure and can morph into forces that can tilt the ecosystem into one direction or another. Systems like quadratic voting can and should be used to prevent any single entity from gaining excessive levels of ecosystem control and dominance.

Excessive decentralization poses a smaller, but still, a risk. An ecosystem without larger entities may struggle to find clear leaders or use cases that can lobby for constructive change.

SingleQuoteLightGreenSingleQuoteLightGreen

Reasonable people are the key more than any technology or strategy

SingleQuoteLightGreenSingleQuoteLightGreen

2. Ethereum can best be described as ideological excess. The internet in its glory expansion years was seen by many as the perfect tool for democratization of both business and personal expression. Some people today see those goals as having failed. Governments and large companies have carved out significant exceptions, building monopolies, filtering content, and spreading propaganda online. Idealists could look at this as a complete failure, but it’s really just partial success.

There is a real risk that as regulators and governments crack down on unauthorized securities sales and money laundering in the crypto-ecosystem, idealists will resist any effort at accountability or lawful limitations. The result might feel like victory, but it would make Ethereum unpalatable for enterprises, public sector, charities and banks with mass market access.

If Ethereum is captured by all-or-nothing idealists, we will surely end up with a world based on centralized, state-controlled “blockchains” not an imperfect global public blockchain. The internet we have today is a far cry from the global, borderless free enterprise and free-speech ecosystem I once hoped we’d have, but I would take it any day over a patchwork of tightly regulated private or government networks. The same goes for Ethereum.

Avoid technological calcification

3. The final risk for Ethereum is technological calcification. Ethereum does not need to be a nimble technology startup, but it must not grind to halt either. Winning technology standards are never the best available technology. I dare someone to tell me that the desktop operating systems we use today represent the best possible experience human ingenuity can come up with. Go ahead and @me (@pbrody).

Indeed, I like to joke that we know with certainty that once upon a time, someone came up with something better than the wheel. We’ll never know what it is, but we can be sure this is true because all ground transportation is based on wheels today. Seriously, I think this is very funny, and I don’t know why nobody laughs at this joke. Too nerdy?

So, while Ethereum (and technology standards like desktop operations systems) doesn’t need to be the best of all possible experiences, it cannot stand still. Technology standards that survive are the ones that adapt. Maybe not quickly, but they adapt, nonetheless.

Cool features introduced by upstarts today are, eventually, incorporated into the core platform. Ethereum did not pioneer proof-of-stake, for example, and didn’t get there quickly, but it did get there eventually. The enduring dominance of current standards from TCP/IP to IBM mainframes isn’t possible without continuous improvement.

So far, Ethereum has been successful with all these tests and I’m not forecasting failure by any means, just highlighting the risks. Indeed, I think the secret power of Ethereum is very similar to that of the internet. It’s what people have been calling the Layer 0 power: the social network that underpins the technology. Time and again, people I have met in the Ethereum ecosystem have struck me as an excellent blend of visionaries, intelligent and reasonable people.

To win, Ethereum must keep charting a middle path through these minefields. Reasonable people are the key to that more than any technology or strategy.

Edited by Ben Schiller.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CoinDesk – https://www.coindesk.com/consensus-magazine/2023/10/30/ethereum-has-layer-0-power-but-it-could-still-blow-it/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Tags: businessEthereumLayer
Previous Post

Eddie Hearn: Tyson Fury ‘looked petrified’ against Francis Ngannou, ‘massively tainted his legacy’

Next Post

Sam Bankman-Fried’s Post-Collapse Media Blitz Has Clearly Backfired

Sky High Farm’s Biennial Blends Art, Agriculture and Ecological Urgency – observer.com

Sky High Farm’s Biennial Blends Art, Agriculture and Ecological Urgency – observer.com

September 1, 2025

After 150 Job Applications and Rescinded Offers, Computer Science Grads Face an Unforgiving Job Market

September 1, 2025
Proportion of US students taking chemistry fails to keep pace with other science disciplines – Chemistry World

Why Fewer US Students Are Choosing Chemistry Compared to Other Sciences

September 1, 2025
Going zero-waste for a month opened my eyes — here are 7 lessons I wish I knew sooner – VegOut

7 Eye-Opening Lessons I Learned from Living Zero-Waste for a Month

September 1, 2025
This Secret Technology Will Make The IPhone 17 Super Thin Air – VOI.ID

How This Breakthrough Technology Will Make the iPhone 17 Incredibly Thin and Lightweight

September 1, 2025
2 men shot and killed at Don Knabe Community Regional Park in Cerritos – ABC7 Los Angeles

2 men shot and killed at Don Knabe Community Regional Park in Cerritos – ABC7 Los Angeles

September 1, 2025
More drama to come after Australia, USA ignite Women’s Rugby World Cup – ESPN

More drama to come after Australia, USA ignite Women’s Rugby World Cup – ESPN

September 1, 2025
India Was the Economic Alternative to China. Trump Ended That. – The New York Times

How Trump’s Policies Disrupted India’s Bid to Challenge China as an Economic Powerhouse

September 1, 2025
Comanche Nation Entertainment closes casino near Devol – KSWO 7News

Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

September 1, 2025
White House names RFK Jr deputy Jim O’Neill as replacement CDC director – BBC

White House names RFK Jr deputy Jim O’Neill as replacement CDC director – BBC

September 1, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (801)
  • Economy (819)
  • Entertainment (21,699)
  • General (16,793)
  • Health (9,860)
  • Lifestyle (834)
  • News (22,149)
  • People (821)
  • Politics (827)
  • Science (16,030)
  • Sports (21,318)
  • Technology (15,800)
  • World (800)

Recent News

Sky High Farm’s Biennial Blends Art, Agriculture and Ecological Urgency – observer.com

Sky High Farm’s Biennial Blends Art, Agriculture and Ecological Urgency – observer.com

September 1, 2025

After 150 Job Applications and Rescinded Offers, Computer Science Grads Face an Unforgiving Job Market

September 1, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version