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.
Trending: WATCH: Did the World Economic Forum Already Signal the Next Manufactured Crisis?
There is ample precedent for this kind of consolidation in the
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!