
PANews|May 14, 2025 05:41
Etherealize: Bitcoin's prospects are worrying due to security budget issues, and currently launching a 51% attack only costs $8 billion
Grant Hummer, co-founder of Etherealize, stated that the prospects of Bitcoin are worrying due to its security budget issues. Currently, launching a 51% attack on Bitcoin only costs $8 billion,
If it drops to $2 billion (security budget accounts for 0.1% of Bitcoin's market value), attacks are almost inevitable, and this will become clear in the next decade.
In contrast, Ethereum is expected to become the default consensus point of Internet value storage by virtue of real decentralization. Hummer also mentioned that after communicating with traditional financial executives, it was found that million level TPS (transaction volume per second) cannot be achieved on a single global state machine, but it is completely feasible through Ethereum's neutral settlement layer and high-speed L2 network.
He emphasized that the stability and maturity of decentralized financial infrastructure far outweigh short-term performance improvements, especially in the wave of real-world asset (RWA) tokenization - currently 85% of RWAs and most stablecoins have chosen Ethereum.
Hummer refuted the criticism that "Ethereum tried to do too much", which was no different from questioning the multiple functions of Windows or the Internet. He believes that Ethereum is becoming the cornerstone of the global financial system, and its security, decentralization, and ecological diversity are key factors in attracting institutions to adopt it on a large scale.
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