Eventually, We Are All Ethereum

Eventually, We Are All Ethereum

Ethereum is eating all the blockchains. That’s fine.

If history is a prologue, then Ethereum is going to eat the entire blockchain sector and everything that is not Ethereum will eventually become an Ethereum Layer 2. I believe the recent decision by CELO stakeholders to shift into operating as an Ethereum Layer 2 is just the beginning of an avalanche of similar integrations and shifts that lead us to an end-state where Ethereum ultimately operates as the Layer 1 for all blockchains.

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

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There is ample precedent for this kind of consolidation in the

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