It is not L2 that defeated Ethereum, let alone other public chains!
What really broke the camel's back for Ethereum is the booming Bitcoin ecosystem!
With the emergence of inscriptions and the continuous construction of Bitcoin L2, the irreplaceability of Ethereum is getting lower and lower
Before the advent of Ethereum in 2014, most copycats copied the Bitcoin code and then made slight changes to issue coins! The emergence of Ethereum broke this tradition and became the largest and most popular innovation at the time
However, the high gas fees faced by Ethereum have been criticized by crypto users. The emergence of L2 has continuously divided the Ethereum dividend, and the L1 public chain Solana has risen with it!
However, the last straw that overwhelmed Ethereum was not other public chains, let alone L2, but the booming Bitcoin ecosystem
More and more Bitcoin L2 and type networks are under continuous construction, and inscriptions are leading the way
The irreplaceability of Ethereum is being divided by other public chains, inscriptions, and Bitcoin!
The big cake is iron, and the second one is changing! Ethereum cannot represent copycats. Without Ethereum, there are still BCH, XRP, and LTC
One whale falls, and all things come to life!
Only Bitcoin can represent the currency world! !
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