Ethereum’s Goal? Cracking The Web2 Fortress, Not Fighting Bitcoin—CEO

Source Bitcoinist

Ethereum’s path is clear. US President Donald Trump isn’t part of this story, but developers and investors are. According to Bitwise CEO Hunter Horsley, Ethereum isn’t trying to outdo Bitcoin on money alone.

It wants to update old Web2 and finance systems that still lock people in. Horsley made this point in a recent post on X, where he said the network will serve as the base layer for new apps and fintech tools.

Ethereum As An Operating System

Based on reports, Horsley compared Ethereum to a phone’s operating system. He said each app on a phone has its own job, yet they all run on the same core tech.

The same goes for Ethereum. Smart contracts sit on top of the protocol. They let anyone build DeFi services, data stores, digital IDs, or token markets.

This setup gives developers freedom. It also shifts the focus from measuring tokens only by price to judging them by use.

Permissionless Participation Drives Innovation

Horsley pointed out that anyone can join or improve the Ethereum network. There’s no need to get permission first. This open door leads to fast upgrades without hard forks that shut people out.

Developers say this beats old Web2 sites, which often block change. The code is public, so people worldwide can copy or tweak it. That makes the network more creative and accessible.

Modular Upgrades Boost Throughput

Ethereum’s next big step is a modular design. Based on data, the MegaETH test showed it can handle 1.7 Ggas/s. That equals roughly 130 million transactions per day.

Data throughput hit 980 MB/s. These gains come from splitting tasks: consensus, execution, and data availability each get their own lane. Nodes stay cheap to run, so more people can host them. You don’t need expensive gear to help keep the network strong.

Community Sees A New Chapter

Some users welcome these moves. They say Ethereum was never meant to copy Web2. It was supposed to go beyond. By breaking down old silos, it can offer services that banks and big tech can’t.

Critics, however, argue that Ethereum’s rise has slowed Bitcoin’s own tech growth. That debate continues in forums and chats.

Price Gains And Market Mood

According to CoinGecko data, ETH hit about $3,044, a 3.18% jump in one day. By the time of writing, it was trading at $3,065, marking nearly a 20% climb over seven days.

Market watchers say these gains reflect more than price pumps. They see hope in the network’s upgrades and new projects.

Featured image from Unsplash, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Analyst Mocks Calls For XRP Price At $1,000, Says Take Profits At This LevelCrypto analyst Jaydee has called out market participants who predict that the XRP price could rally to as high as $1,000. The analyst suggested that the altcoin can’t reach such heights and
Author  NewsBTC
7 Month 11 Day Fri
Crypto analyst Jaydee has called out market participants who predict that the XRP price could rally to as high as $1,000. The analyst suggested that the altcoin can’t reach such heights and
placeholder
Gold Price Forecast: XAU/USD climbs above $3,350 as Trump rekindles trade tensionsThe Gold price (XAU/USD) extends its upside to around $3,365 during the early Asian session on Monday. The precious metal edges higher as traders rushed toward the traditional safe-haven assets after US President Donald Trump widened the global trade war with a fresh wave of tariffs.
Author  FXStreet
Yesterday 02: 33
The Gold price (XAU/USD) extends its upside to around $3,365 during the early Asian session on Monday. The precious metal edges higher as traders rushed toward the traditional safe-haven assets after US President Donald Trump widened the global trade war with a fresh wave of tariffs.
placeholder
Ripple’s $21 Trillion Dream: What Capturing 20% Of SWIFT Volume Means For XRPRipple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO
Author  NewsBTC
Yesterday 02: 43
Ripple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO
placeholder
Bitcoin Stalls After Rally: Will It Blast Through $125,000 Or Slip Back To $110K?After a powerful breakout last week that pushed Bitcoin into a new all-time high of $118,667, the world’s leading cryptocurrency appears to be taking a breather. As of the time of writing, Bitcoin
Author  NewsBTC
Yesterday 02: 44
After a powerful breakout last week that pushed Bitcoin into a new all-time high of $118,667, the world’s leading cryptocurrency appears to be taking a breather. As of the time of writing, Bitcoin
placeholder
Kiyosaki Awaits The Next Bitcoin Sale: ‘My Fellow Pigs And I Are Feasting’Robert Kiyosaki, author of “Rich Dad Poor Dad,” stepped back into the Bitcoin market with a bold move. According to his tweet on July 11, he purchased another Bitcoin at $110,000. Related
Author  NewsBTC
Yesterday 02: 45
Robert Kiyosaki, author of “Rich Dad Poor Dad,” stepped back into the Bitcoin market with a bold move. According to his tweet on July 11, he purchased another Bitcoin at $110,000. Related
goTop
quote