The Sun and the Ether: Why Ethereum Has Already Won

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Ethereum has already won by design over Bitcoin and Solana due to decentralization, scalability, and security, without compromise.

Is there room for more than one general-purpose blockchain in the world? Clearly, the answer is yes. But there will also likely be only one major winner. While the topic is currently hotly debated, I believe that the endgame for the crypto industry is already written, in an almost deterministic fashion, into the choices that were made in designing the current contenders.

I believe the final equilibrium for the crypto industry in the financial domain will form around a super large-scale, efficient, neutral asset platform serving as the “Internet of Money”, a term popularized by, amongst others, Andreas Antonoupoulos. Crucially, this one platform will have to be decentralized. The winner has already been decided, and it is the one that best provides decentralization, scalability, and security, without compromise.

 

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