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Bitcoin Vs. Ethereum As Settlement Networks

The under is from the most recent month-to-month report by the Deep Dive, Bitcoin Magazine‘s premium markets publication. To be among the many first to obtain these insights and different on-chain bitcoin market evaluation straight to your inbox, subscribe now.

We need to move NFTs onto the Layer 2 ecosystem to cut fees. However, doing that *right* requires good cross-rollup portability standards, so the ecosystem can avoid getting locked into one particular L2.” – Vitalik Buterin, Creator of Ethereum

Many folks are aware of the latest none-fungible token (NFT) craze that has occurred over latest months, with digital photos of rocks and pixelated characters promoting for tens of millions of {dollars}. Bubble, fad, or the beginning of one thing a lot larger? That, we can not know, and we aren’t going to focus on the validity of NFTs as an funding (learn: hypothesis) in immediately’s Daily Dive, however quite we are going to dive into the comparability of Bitcoin versus Ethereum as financial settlement networks, as Ethereum proponents have tried to body ETH as “ultrasound money” more and more over the course of 2021.



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