Ethereum

Value

Solana

Ethereum 2.0

<p>The Ethereum crypto turned green at the announcement of the FED’s key rate cuts, following Bitcoin’s lead. But looking back on its journey, the initial euphoria of Ethereum 2.0 leaves a bitter taste. Despite a grand start with Proof-of-Stake (PoS), hopes for a revival seem to be fading. This unexpected turnaround opens a crucial debate: is the future of ETH really “ultra sound money”?</p>
<h2 id="h-crypto-eth-the-ambitious-but-disappointing-transition">Crypto ETH: The ambitious but disappointing transition</h2>
<p>When Ethereum unveiled its <strong><a href="https://www.cointribune.com/ethereum-2-0-aout/" target="_blank" rel="noopener noreferrer nofollow">Ethereum 2.0 in August 2022</a></strong>, the crypto community was expecting an upheaval. Goodbye to the energy-intensive Proof-of-Work (PoW), welcome to Proof-of-Stake which was supposed to <strong>transform Ethereum into an eco-friendly and ultra-efficient machine</strong>.</p>
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<p>But two years later, the results are less glorious. Far from the heights of 2021, Ethereum has lost nearly 50% of its value.</p>
<ul>
 <li>Ethereum 2.0 launched: 2022;</li>
 <li>Value loss: 50%;</li>
 <li>Current price: $2,462.40 (+4.54% over 24h).</li>
</ul> 
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<p>However, <strong>some innovations such as <a href="https://www.cointribune.com/eip-1559-sur-ethereum-quest-ce-que-cest-et-pourquoi-est-il-important/" target="_blank" rel="noopener noreferrer nofollow">EIP-1559</a></strong> (London Hard Fork) have allowed to <strong>burn tokens</strong>, making ETH slightly deflationary.</p>
<p>Vitalik Buterin, with his provocative spirit, questioned: “<em>If Bitcoin is hard money, is Ethereum becoming <a href="https://medium.com/blockchain-biz/what-does-ultrasound-money-mean-aa6f1eb1da4" target="_blank" rel="noopener noreferrer nofollow">ultrasound money</a> with a decreasing supply?</em>“.</p>
<p>The question remains open, but for now, the effect of Ethereum 2.0 is less radical than expected.</p>
<h2 id="h-ethereum-an-uncertain-future-despite-its-advancements">Ethereum: An uncertain future despite its advancements</h2>
<p>While Ethereum seemed to be off to a good start with its eco-friendly transition and technological improvements, the reality is more nuanced. <strong>The promise of better performance thanks to PoS has not yet convinced the market</strong>, and massive adoption is still not happening.</p>
<p>Meanwhile, <strong>other competing blockchains are gaining ground</strong>, casting doubt on Ethereum’s future dominance.</p>
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<p>The enthusiasm for Ethereum 2.0 may have been exaggerated, especially compared to faster and more scalable blockchains like Solana or Avalanche.</p>
<p>The daily transaction volume remains high, but the ecosystem has not yet managed to overcome its technical challenges to convince long-term investors. So, will Ethereum eventually rebound or will it remain an unfulfilled promise?</p>
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<p>As a reminder, the <a href="https://www.cointribune.com/ethereum-eth-vitalik-buterin-devoile-son-%e2%80%89endgame%e2%80%89-pour-leth-2-0/" target="_blank" rel="noopener noreferrer nofollow">“Endgame” of Ethereum 2.0</a>, revealed by Vitalik Buterin in 2021, gives hope for a second chance. But the road ahead is long.</p>

Crypto: Can Ethereum 2.0 Still Deliver On Its Promises?

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