ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
What's Hot

Crypto.com gets MVP preparatory license from Dubai regulator

March 20, 2023

Project claiming to be ‘AI-powered’ drains $1M from users

March 20, 2023

Swords of Blood Token Presale Incoming: Learn Why This Hack-and-Slash P2E Game Is The Next Big Game in Polygon

March 20, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • CRO
  • ETH
  • BRC
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Crypto.com gets MVP preparatory license from Dubai regulator

    March 20, 2023

    Swords of Blood Token Presale Incoming: Learn Why This Hack-and-Slash P2E Game Is The Next Big Game in Polygon

    March 20, 2023

    Crypto.com Gets Closer to an Operational License in Dubai

    March 20, 2023

    Damex Releases in-App Utility Token Damex Token, Enables Users to Earn Rewards for Staking Tokens

    March 20, 2023

    Will the Fed stop rate hikes? 5 things to know in Bitcoin this week

    March 20, 2023

    Taiwan watchdog FSC to assume authority on crypto regulation

    March 20, 2023

    Fed, central banks enhance ‘swap lines’ to combat banking crisis

    March 20, 2023

    Trader Who Nailed Bitcoin 2022 Bottom Says BTC One Resistance Away From New All-Time High – Here’s His Outlook

    March 20, 2023

    These 5 cryptocurrencies may continue to surprise to the upside

    March 19, 2023

    Grayscale extends review of ETHPoW decision

    March 17, 2023

    Euler Finance hacked despite 10 audits in 2 years, says CEO

    March 17, 2023

    Ethereum price reaches lowest level relative to Bitcoin in 5 months

    March 15, 2023

    Top Ethereum Rival Could Be Gearing Up for Glorious Move, Says Investor Who Called 2022 Crypto Bottom

    March 20, 2023

    Ethereum (ETH) Creator Vitalik Buterin Outlines Favorite Crypto Security Strategy

    March 19, 2023

    Whales Quietly Boosting Ethereum Altcoin That Exploded 114% This Week: On-Chain Data

    March 19, 2023

    Silicon Valley Bank Implosion Whipped Up Frenzy of DeFi Transactions As Crypto Assets Rebounded: DappRadar

    March 18, 2023

    Crypto.com gets MVP preparatory license from Dubai regulator

    March 20, 2023

    Project claiming to be ‘AI-powered’ drains $1M from users

    March 20, 2023

    Swords of Blood Token Presale Incoming: Learn Why This Hack-and-Slash P2E Game Is The Next Big Game in Polygon

    March 20, 2023

    Crypto.com Gets Closer to an Operational License in Dubai

    March 20, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    The Man Behind The Crypto Crackdown!! What's Coming?!

    March 19, 2023

    😱 Crypto BANNED in the US?! The SHOCKING Truth About Stable Coins! 🔥 | #StableCoins #shorts

    March 19, 2023

    Master Your Wealth With The Right Mindset

    March 19, 2023

    Bitcoin Price $1 MILLION by June 17th! Microsoft Buys Ethereum!

    March 18, 2023

    $200k Bitcoin SOON (Why BTC WILL SKYROCKET)

    March 18, 2023
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.004.22% 24H
    BITCOIN
    24H : 4.22%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.000.350% 24H
    ETHEREUM
    24H : 0.350%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.16% 24H
    TETHER
    24H : -0.16%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.000.410% 24H
    BNB
    24H : 0.410%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.13% 24H
    USD COIN
    24H : -0.13%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-2.90% 24H
    XRP
    24H : -2.90%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.000.830% 24H
    CARDANO
    24H : 0.830%
    Volume : $0.00
    Marketcap : $0.00
  • matic-networkPolygon(MATIC)
    $0.00-2.73% 24H
    POLYGON
    24H : -2.73%
    Volume : $0.00
    Marketcap : $0.00
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.004.22% 24H
    BITCOIN
    24H : 4.22%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.000.350% 24H
    ETHEREUM
    24H : 0.350%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.16% 24H
    TETHER
    24H : -0.16%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.000.410% 24H
    BNB
    24H : 0.410%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.13% 24H
    USD COIN
    24H : -0.13%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-2.90% 24H
    XRP
    24H : -2.90%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.000.830% 24H
    CARDANO
    24H : 0.830%
    Volume : $0.00
    Marketcap : $0.00
  • matic-networkPolygon(MATIC)
    $0.00-2.73% 24H
    POLYGON
    24H : -2.73%
    Volume : $0.00
    Marketcap : $0.00
ApeWatcher News
Home » Ethereum Is Business-ready, Says Foundation-linked Body, but ‘Caveats’ Remain
News

Ethereum Is Business-ready, Says Foundation-linked Body, but ‘Caveats’ Remain

Crypto NewsBy Crypto NewsJuly 2, 20220 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

The authors of a new report claim that Ethereum (ETH) is “ready” for use in the world of business – albeit with “some caveats.”

The report was compiled by the Ethereum Enterprise Alliance (EEA) – a business-focused affiliate of the Ethereum Foundation. Its authors claimed that while the “pieces are in place” for “the safe and productive use of Ethereum as a business platform,” the aforementioned pieces do not yet “necessarily fit together seamlessly.”

In a press release, the EEA’s Executive Director Dan Burnett was quoted as stating that the body’s “analysis and examples” showed that “the pieces are now in place in the Ethereum ecosystem for the safe and productive use of this technology as a business platform.”

The report’s authors, who provided a number of case studies to back up their claims, wrote that Ethereum was a “safe and productive” business platform that has “matured greatly” and was now a “battle-tested and “globally significant settlement layer.”

They explained that the “important thing for businesses to keep in mind in this context is that Ethereum is a complete ecosystem,” writing:

“Compared to its early days, there is a rich assortment of standards, tools, providers, and platforms that businesses can turn to.”

In addition to the mainnet, sidechains and Layer 2 (L2) solutions help provide the “sustainability, performance, and privacy” that some companies will likely hanker after.

Although they conceded that the “regulatory environment for digital assets and blockchain technology (as opposed to cryptocurrencies)” was still far from stable “in many respects,” they claimed that this “need not be seen as a blocker.” They added that “many jurisdictions” now “see the potential of blockchain and look favorably on it.”

While all the ingredients are in the kitchen, though, no chef has yet managed to blend them together, the authors indicated. Critics have often claimed that Ethereum suffers from scalability problems. 

The authors admitted that scaling solutions and other tools are “relatively new, and carry the risks associated with any new technology or platform.”

They also mentioned the issue of interoperability, admitting that the world was “yet to see the rise to prominence of comprehensive development and deployment suites that are often to be found in more mature technologies and that can be used to seamlessly bind all the pieces together into a whole.”

But, they claimed, developers were aware of this issue. The authors asserted that the situation on this front would “improve over time.”

What Ethereum can offer its users, the authors continued, is flexibility – in the form of multiple “options for setups based on business type and needs.”

For instance, they explained that while the Ethereum mainnet “scores high on usability and interoperability for tokenization,” projects that require high levels of performance and regulatory compliance might prefer to work with Layer 2 solutions or sidechains – or even build an Ethereum-based private network.

In the payments sphere, too, the authors claimed that moving away from the mainnet could provide solutions for “high-volume use cases,” including retail, or industries “where privacy and regulatory compliance are high priorities” such as the financial services sector. Again, this would allow businesses who “rely on L2s or sidechains to reduce network costs and gain scalability.”

They wrote:

“In its early days, Ethereum promised to support decentralized business and collaboration through, among other things, tokenization and smart contracts. Today, this promise is becoming a reality.”

Furthermore, they claimed that there was no shortage of incentives for companies to “explore” Ethereum-based decentralized business models and “processes of the type Ethereum makes possible.”

They claimed that tokenization and smart contracts allow digital assets to be “uniquely and verifiably represented.” Smart contracts, they argued, mean that “agreements about these digital assets can be programmed, validated, and executed by machines more quickly and accurately and cost-effectively than by humans alone.”

This, they said, would allow companies to slash overheads, as well as develop new “cost-effective” products and services.
____
 
– Vitalik Buterin Confirms Post-Merge Ethereum Centralization Concerns, Urges Not to ‘Overly Catastrophize’ It
– Top Blockchain Non-Financial Applications According to Vitalik Buterin

– The Compromises and Benefits of Ethereum Switching to a Proof-of-Stake Network
– Major Bitcoin & Crypto Companies Warn of ‘Extreme’ Risk in Proof-of-Stake Systems

Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto.com gets MVP preparatory license from Dubai regulator

March 20, 2023

Swords of Blood Token Presale Incoming: Learn Why This Hack-and-Slash P2E Game Is The Next Big Game in Polygon

March 20, 2023

Crypto.com Gets Closer to an Operational License in Dubai

March 20, 2023

Damex Releases in-App Utility Token Damex Token, Enables Users to Earn Rewards for Staking Tokens

March 20, 2023

Will the Fed stop rate hikes? 5 things to know in Bitcoin this week

March 20, 2023

Shiba Inu Price Prediction As SHIB Becomes Top 15 Crypto by Market Cap – Can SHIB Get to 1 Cent?

March 20, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

Crypto.com gets MVP preparatory license from Dubai regulator

March 20, 2023

Project claiming to be ‘AI-powered’ drains $1M from users

March 20, 2023

Swords of Blood Token Presale Incoming: Learn Why This Hack-and-Slash P2E Game Is The Next Big Game in Polygon

March 20, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.