Ethereum ‘Is Dying While L2’s Dance On Its Grave’, Claims Investment Firm CEO

Quick Summary:

In a charged statement on X, Justin Bons, founder and Chief Investment Officer of Cyber Capital, one of Europe’s oldest cryptocurrency funds, has voiced a critical view of Ethereum’s current trajectory, asserting that “Ethereum is dying while L2’s dance on its grave.

The shift towards L2 solutions, in Bons’ view, has led to a rise in centralized tendencies within platforms that were originally promoted as decentralized.“This also pushes the users into centralized L2s.

This is ironic, considering that the entire ‘L2 scaling’ roadmap was justified in the name of decentralization… A bait & switch,” Bons elaborated.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: HungarySingaporeUnited States

Topics: Ethereum ETH Price Ethereum price Ether Ethereum news Ethereum L2 ETH ETH news

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-27 @ 12:00:39 (4 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 651 words

Reading Time: 4 minutes read

Sentences: 38 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22281118

View Article Analysis

About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 4 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions