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Ethereum Foundation AMA: ETH is money, value accumulation is crucial to Ethereum's success
2024-09-05 13:39
Odaily News Odaily Planet Daily News: Justin Drake, a core researcher at the Ethereum Foundation, responded to the question "Where is the value of ETH today? Has the rollup ecosystem 'emptied' ETH and made it lose its value?" during the 12th AMA of the Ethereum Foundation, saying: "ETH is money. The accumulation of ETH's value is crucial to the success of Ethereum. I believe that if ETH fails to become the programmable currency of the Internet, Ethereum cannot become the settlement layer of the value Internet. The accumulation of ETH's value comes down to traffic and currency premium. The important metric is the total fee, not the fee per transaction. The ultimate goal of Ethereum's success is 10M tx/s, which can provide billions of dollars in daily revenue even if the fee per transaction is less than 1 cent."