Opinion: The credible neutrality of BTC and ETH is defined by token distribution and transparency, jurisdiction and developer platform

PANews reported on May 11 that David Marcus, former head of Facebook's stablecoin project, published an article on the X platform to refute 1confirmation founder Nick Tomaino's view that ETH is not neutral. In response, Nick Tomaino said that credible neutrality can be defined from three aspects:

1. Token distribution and transparency: BTC has an internal distribution of 0%. Anyone can participate as a PoW miner and it is completely transparent. ETH has an internal distribution of 10%, and previously used PoW mining. Solana has an internal distribution of 62%. Token distribution and validators were not disclosed in the early stage, and there is an overall lack of transparency.

2. Jurisdiction: Bitcoin opened up the Internet native, Ethereum built the Internet native together with the global community, Solana is more like a "corporate token" and has participated in lobbying in the United States;

3. Developer platform: Bitcoin does not have a real developer platform, while Ethereum has a large number of important use cases (stablecoins, DeFi, NFTs, prediction markets, decentralized social networks, etc.). Ethereum prioritizes providing a decentralized platform for developers and companies. Coinbase, Blackrock, Fidelity, Stripe, Kraken, Deutsche Bank, Sony, Visa, Polymarket, Uniswap, Aave, and Opensea are all building on the Ethereum ecosystem.

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
35 minute ago
39 minute ago
1 hour ago
1 hour ago
2 hour ago
2 hour ago

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读