Ethereum needs serious development

Controversy has raged over the feasibility of using Ethereum as a appropriate and long-term environment for decentralized finance, gaming, and NFT projects.

The have an effect on of immoderate fees, long affirmation times, and gradual updates is beginning to worry retail users, techies and huge investors.

Ethereum builders should center of attention on the first layer “L1”:
Facing the difficulties of imparting a excellent user experience, Ethereum builders have begun to move to competing blockchains to make bigger their attain and extend their market value.

Blockchain networks such as Solana, Binance Blockchain, and Avalanche saw a tremendous upward jostle in use and fee for the duration of 2021, which made them cement themselves as greater environment friendly preferences to Ethereum.

According to Nicholas Merten, creator of the “DataDash” channel on YouTube, the advantage of Ethereum being a blockchain that absolutely everyone makes use of is losing its strength over time.

In any other Twitter thread, Merten defined that the arguments in desire of Ethereum might also no longer keep up over time.

He believes that, in the end, scalability options constructed on the original blockchain (layer 2 solutions) are impractical and generate little incentive for adoption.

For example, Merten advised me that humans would rather pay $0.01 in charges to Solana than pay $0.04 for transactions on Polygon, the latter being the most inexpensive Ethereum 2nd layer solution.

For Merten, Ethereum builders ought to focus on options to make Layer 1 options (cross-chain transactions) greater efficient and much less expensive.

As smart contracts emerge as extra complex, people have to pay extra fees.

Merten believes that Ethereum wants better marketing.

In addition to the technical developments, there needs to be a group that is able to keep the community excited about Ethereum solutions.

Ethereum pledges to solve these troubles with the aid of imposing Ethereum 2.0, a new Proof of Stake primarily based blockchain that will have low costs and a very high level of scalability.

However, this answer is time consuming, and important buyers can only hope that it is not too late as soon as it is launched.


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4 comments
(edited)

@hivewatchers @hivewatcher @steemflagrewards @cwow2 @emforcer48 @leonis @scholaris @flugschwein

Source of Plagiarism: https://www.bitcoininsider.org/article/135912/ethereums-problems-are-hindering-its-leadership-defi-ecosystem-experts-say

I did all this effort as non of the bots (detection tools even paid Turnitin) were detecting it. At first, I detect it manually and now I document my process here. Reverse Engineering line by line as it's gone through two bots. He also do 16 grammatical errors on purpose to make reverse engineering more difficult.

1 Plagiarist:
Controversy has raged over the feasibility of using Ethereum as a appropriate and long-term environment for decentralized finance, gaming, and NFT projects.

1 Original:
The debate over the feasibility of using Ethereum as the Swiss Army of the crypto-verse is heating up again now that DeFi, gaming, and NFT are enjoying a recent surge in popularity.

1 Debate = Controversy
Defi = Decentralized finance
surge = rage

1 Some other words (2 or 3) were completely removed to make it harder:
Location: feasibility of using Ethereum as (in-between here) a appropriate

2 Plagiarist:
The have an effect on of immoderate fees, long affirmation times, and gradual updates is beginning to worry retail users, techies and huge investors.

2 Original:

The impact of xcessive fees, long confirmation times, and slow updates is starting to worry retail users, techies, and large investors.

2 Impact = effect
excessive = immoderate
confirmation = affirmation
gradual = slow
starting = beginning
large = huge

3 Plagiarist:
(it was a heading) Ethereum builders should center of attention on the first layer “L1”:

3 Original:
(it was also a heading) Ethereum Developers Should Focus on L1

3 Developers = builders
Focus = center of attention

4 Plagiarist:
Facing the difficulties of imparting a excellent user experience, Ethereum builders have begun to move to competing blockchains to make bigger their attain and extend their market value.

4 Original:
Faced with the difficulties of delivering a satisfactory user experience, Ethereum developers are beginning to move to rival blockchains that have capitalized on this app migration to expand their reach and increase their own market capitalization.

Note: Now It will not rephrase (reengineer) word by word as I think I earned enough confidence and define rules to check yourself.

5 Plagiarist:
Blockchain networks such as Solana, Binance Blockchain, and Avalanche saw a tremendous upward jostle in use and fee for the duration of 2021, which made them cement themselves as greater environment friendly preferences to Ethereum.

5 Original:
Blockchains like Solana, Binance Smart Chain, and Avalanche have seen a significant rise during 2021, cementing themselves as more efficient alternatives to Ethereum and its upgrade to Proof of Stake that is not quite there yet.

6 Plagiarist:
According to Nicholas Merten, creator of the “DataDash” channel on YouTube, the advantage of Ethereum being a blockchain that absolutely everyone makes use of is losing its strength over time.

6 Original:
According to Nicholas Merten, creator of the YouTube channel DataDash, Ethereum’s advantage of being the blockchain used by all is losing ground as time goes on.

7 Plagiarist:
In any other Twitter thread, Merten defined that the arguments in desire of Ethereum might also no longer keep up over time.

7 Original:
In any other Twitter thread, Merten defined that the arguments in desire of Ethereum might also no longer keep up over time.

Now joining all together:
8 Plagiarist:
He believes that, in the end, scalability options constructed on the original blockchain (layer 2 solutions) are impractical and generate little incentive for adoption.

For example, Merten advised me that humans would rather pay $0.01 in charges to Solana than pay $0.04 for transactions on Polygon, the latter being the most inexpensive Ethereum 2nd layer solution.

For Merten, Ethereum builders ought to focus on options to make Layer 1 options (cross-chain transactions) greater efficient and much less expensive.

As smart contracts emerge as extra complex, people have to pay extra fees.

Merten believes that Ethereum wants better marketing.

In addition to the technical developments, there needs to be a group that is able to keep the community excited about Ethereum solutions.

Ethereum pledges to solve these troubles with the aid of imposing Ethereum 2.0, a new Proof of Stake primarily based blockchain that will have low costs and a very high level of scalability.

However, this answer is time consuming, and important buyers can only hope that it is not too late as soon as it is launched.

8 Joined original:
He believes that in the end, L2s (scalability solutions built on top of the original blockchain) are impractical and generate little incentive for adoption.

For example, Merten claims that people would rather pay $0.01 in Solana fees instead of paying $0.04 to transact on Polygon —the cheapest L2 solution on Ethereum.

For Merten, Ethereum developers should focus on solutions to make L1s (on-chain transactions) more efficient and less expensive. As smart contracts become more complex, people must pay more fees.

As smart contracts become more complex, people must pay more fees.

Merten believes that Ethereum needs better marketing.

In addition to technical developments, there should be a team capable of keeping the community together and excited.

Ethereum promises to solve these problems by implementing Ethereum 2.0, a new Proof-of-Stake blockchain that will have minimal fees and a very high level of scalability.

However, this solution is taking a long time, and large investors can only hope that it is not too late once it launches.

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Thank you for the help.

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My pleasure!

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@lovesports, can you please respond to @dlmmqb's comment? Have you plagiarized this article? If so, how do you intend to address the issue?


Posted via proofofbrain.io

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I have no idea why anyone keeps using plagiarism checking tools if it is common knowledge that they hardly detect any plagiarism and actually makes it worse as they often give false positives. Investigating plagiarism does not involve the lazy use of plagiarism checking tools but a meticulous search with the use of search engines, translators, clue searching, etc.

Please report any abuses that you find in our form.

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Congratulations @lovesports! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You published more than 300 posts.
Your next target is to reach 350 posts.

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To support your work, I also upvoted your post!

Check out the last post from @hivebuzz:

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I hold some Ethereum but lost faith in the blockchain quite some time ago. Eth 2.0 was supposed to be released earlier this year. We have one month to go before the end of the year and still nothing. Can't say I'm surprised.

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Hi! I have noticed you that you are doing plagiarism and reported u to HIVE DR. I am surprised that you were marked by @spaminator from @hivewatchers still you continue to go plagiarism. Even your posts are getting curated too. So now dont be surprised by downvote trials. Thank you

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