Ethereum Founder Suggests Complete Network Overhaul, Will RTX Save ETH In 2025?

Ethereum’s co-founder, Vitalik Buterin, has outlined an overhaul roadmap for the blockchain’s execution layer, suggesting replacing the Ethereum Virtual Machine (EVM) bytecode with the RISC-V architecture. These changes are arousing investors’ concerns even as the Ethereum price enters deep bearish zones.

As a result, ETH holders have started looking for more sustainable prospects in the market, with Remittix appearing on their radar. The new crypto has surged by more than 550% amid Ethereum’s sluggish price movements, hence industrial experts are calling it the Ethereum saviour.

Remittix: Ethereum-based token gains traction with innovative global payment solutions

Source: Remittix 

With the winds of change in market forces, Remittix is making investors take notice with an interesting value proposition. This PayFi thesis is redefining global payments by integrating blockchain technology with fiat transactions, offering fast and cost-efficient cross-border solutions.

The platform supports over 40 cryptocurrencies, including Cardano, Shiba Inu, Dogecoin and Ethereum. It provides instant conversions into fiat currencies like USD and GBP, enabling seamless deposits into recipients’ bank accounts. This immediate utility makes Remittix stand out in a market crowded with dormant layer 1s and hype driven projects. 

Furthermore, Remittix offers an open flat-fee approach, which offers savings and transparency over exorbitant costs and inadequate exchange rates of conventional banks. With its simplicity, Remittix guarantees that the full amount sent reaches the recipient. This potential is why industrial experts anticipate Remittix to be the game-changer in the payments industry, where shady practices are unfortunately all too common.

For businesses, Remittix offers its powerful Pay API, which allows them to accept cryptocurrency payments and automatically convert them into fiat currency. The API functionality removes technical hurdles, making it easier for companies to adopt crypto while streamlining operations in the rapidly expanding digital economy.

With these innovative measures from Remittix, the Ethereum blockchain is gaining momentum again, and analysts believe it could launch the changing tide for its market sentiment. 

Ethereum’s network overhaul: What does it mean for investors?

Buterin has clearly stated that switching to RISC-V technology would result in substantial speed and cost improvements for Ethereum’s execution layer. The unveiling of these plans came during the activation of the Pectra update in May. The Pectra upgrade focused on bettering the user experience, boosting rollup scalability and raising the validator stake maximum threshold. 

Buterin’s RISC-V overhaul, however, aims to enhance smart contract-proving operations, directly impacting scalability. This overhaul plan is raising doubts in Ethereum’s ecosystem while dampening investors’ sentiment, even as its on-chain metrics continue to drop.

Data from DeFiLama indicates that Ethereum’s total value locked has been in sharp decline since peaking at $86.6 billion in December, its highest level since mid-2022. As of now, Ethereum’s TVL has dropped to $50 billion, marking a steep 43% decrease in just a few months.

This decrease highlights waning user activity and capital outflows from Ethereum-based protocols.

Source: DefiLama

However, the Remittix PayFi revolution is bringing attention back to Ethereum through its immediate utility in the global remittance sector. If its presale momentum continues, Remittix is on track to achieve a $30 billion market cap, generating massive inflow for Ethereum in the process. 

Conclusion 

Remittix is on the front line for Ethereum-based projects with massive inflows, due to its revolution of the $190 global remittance sector. Currently priced at $0.0757 during its presale, the RTX token offers a compelling investment opportunity. 

Forecasts predict significant growth, with a 10x multiplier expected in the presale phase and over 1,500% gains after launch, as demand for innovative cross-border payment solutions continues to rise.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix