Ethereum’s leadership: decentralization, permissionlessness, and scalability
Despite Ethereum’s disappointing price performance, various negative news in the market still frequently appear, such as “Solana will surpass Ethereum” and “Ethereum lacks innovation”. However, these criticisms often ignore the core value of blockchain.
Assessing the health of Ethereum
Ethereum still performs well in decentralization, permissionlessness, and scalability. Compared with Bitcoin, although its mining centralization problem still exists, Ethereum’s PoS mechanism makes it more resilient. Currently, Ethereum’s full node development and maintenance also show a high degree of decentralization.
Challenges of permissionlessness
Ethereum has been relatively successful in maintaining this feature, although many users conduct KYC on exchanges, which has challenged the concept of permissionlessness. However, with increasingly stringent regulations, some projects have begun to implement user censorship, which may affect the decentralized feature.
New progress in scalability
Thanks to Rollup technology, Ethereum has effectively solved the scalability problem, and TPS (transactions per second) has been significantly improved, demonstrating its strong capabilities in practical applications.
Market sentiment and future outlook
Although Ethereum performs well in core features, its price is still affected by Wall Street institutions, which often do not pay attention to features such as decentralization. In the future, how to enhance market confidence and price performance will be the key.
