Categories: Ethereum

Kain Warwick: Several new smart contract blockchains are now rivals to Ethereum

Synthetix derivatives liquidity protocol founder Kain Warwick believes a number of new smart contract blockchains are now rivals to Ethereum.

Kain Warwick – Founder of Synthetix

In a recent interview with UpOnly, Warwick said the pace of development of Ethereum has allowed competitors to join the fight.

“We have now created real competitors who pose a threat to the Ethereum ecosystem. And we have to tackle that as a community. We have to be pragmatic in everything and we need practical solutions that work now …

When you say, “Well, we’re waiting for a perfect solution. We’re not going into that. We’ll keep doing what we do until we come up with something great, don’t compromise and solve all problems, others will follow. “

On the other hand, the Synthetix founder pointed out that scaling solutions like Arbitrum and Polygon increase the competitiveness of Ethereum compared to blockchains like Solana (SOL) and Binance Smart Chain (BSC).

“I think we’re getting close to that. Arbitrum is coming, we have Polygon … there are things in the Ethereum ecosystem that are starting to work that you know offset the Solana and BSC value proposition.

But we have to do a lot to free them. And if we had done these things sooner, we might not have a lot to share. “

Annie

According to Dailyhodl

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

CoinX

Recent Posts

Polymarket User ‘Walletmobile’ Risks $10 Million on Trump’s Victory

Polymarket user identified only as "wallet mobile" has just made an astonishing bet of $10…

3 mins ago

Binance CEO Richard Teng: The West Will Still Dominate Finance

Binance CEO Richard Teng stated that Western companies will benefit most due to regulatory influence.

14 mins ago

FTX License Suspension Extended by Cyprus SEC Until May 2025

The Cyprus Securities and Exchange Commission announced that the Cypriot Investment Firm (CIF) FTX license…

42 mins ago

VanEck Pyth ETN Now Available in Europe

The VanEck Pyth ETN, backed by assets stored in cold storage with Bank Frick, has…

1 hour ago

Swift, UBS, Chainlink Complete Pilot for Global Tokenized Fund Settlement Network

Swift, UBS Asset Management, and Chainlink have completed a proof-of-concept that would settle tokenized fund…

1 hour ago

Jambo and Lif3 Partner to Make Crypto Payments Accessible to Millions of Users in Emerging Markets

Abu Dhabi, United Arab Emirates, 5th November 2024, Chainwire

1 hour ago

This website uses cookies.