The Ethereum ecosystem is bleeding!

The prosperity of the Ethereum ecosystem was initially due to the efficiency of the Bitcoin chain.

Ethereum has developed many chain applications, such as chain games, NFT, and Defi. These are essentially inseparable from the building of finance. Without financial attributes, these are uncompetitive compared with traditional game companies and art auctions.

Putting aside other applications and simply talking about finance, compared with the real world, Bitcoin is equivalent to the base currency M0 and is a high-energy currency, while Ethereum is other derivative currencies and is based on Bitcoin M0. To put it more simply, the Bitcoin blockchain is equivalent to a central bank, and the Ethereum ecosystem is equivalent to a commercial bank. Modern commercial banks act as currency intermediaries to solve the problem of central bank operational efficiency and require more operating institutions to operate currency.

Now that Bitcoin can directly issue derivative finance through the BRC20 protocol, why do we still need so many intermediaries?

#brc20#ordi