Investor who correctly predicted Bitcoin’s price (BTCHe’s very bullish about one smart contract protocol.
Chris Burniske, a crypto-investor and venture capitalist. tells His 285 400 followers on social media platform X (that Ethereum)ETHThe, which is a. “credible settlement layer for crypto assets.”
Burniske also said that other protocols (such as Solana) at layer 1 are not compatible with the protocol.SOLAvalanche (AVAXThey’re at the point of competing with Ethereum to get up there.
“Despite my most recent vocalizations about SOL, given the distressed levels of the market and the problems already highlighted in relation to Ethereum UX (user-experience), I am still very bullish on ETH.
The result of success is being a settlement layer.
Ethereum is currently the only settlement layer that can be trusted for cryptoassets, and this advantage will continue to grow over time.
Avalanche, Bitcoin, Celestia, Polkadot and Solana are the currently liquid ‘contending settlement layers’ that I’m paying most attention to – but there are others too that are younger, and some that haven’t launched yet.”
The Placeholder Capital Partner believes that Ethereum is a great asset over other cryptocurrencies. acknowledges It is important to note that smart contracts are not yet perfect. Known technical issues still require time and patience.
How fast can ETH solve this problem? We also have to deal with the problem of interoperability and bridging between layers 2 and 1.
It will take some time to fix these issues. Solana, friends, will also be faster, but still have scale failures. They’ll need to modify. “Everyone is racing towards the same result, but they take different routes.”
Ethereum was trading for $3,530 at the time this article was written, which is down more than 5% over the past 24 hours.
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