Ethereum faces ‘midlife crisis’ as rivals play catch-up

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Financial Times 4d ago

Ethereum faces ‘midlife crisis’ as rivals play catch-up - Financial Times

Quick Summary:

She also noted the Ethereum Foundation, which is responsible for the blockchain’s development, has split as developers argue over the project’s broader direction.“Decision-making has become a bit of a shambles,” Alexander said.

Stablecoin issuers such as Tether, USDC and PayPal use Ethereum to underpin their digital forms of cash while companies including BlackRock and Fidelity use it as the basis for their tokenised versions of US Treasuries.

Ethereum developers have been trying to improve the speed and efficiency of the network, handing the transaction processing legwork to third parties.