PANews reported on May 14 that Grant Hummer, co-founder of Ethereum ecosystem marketing company Etherealize, said that Bitcoin's prospects are worrying due to its security budget issues. Currently, it only costs $8 billion to launch a 51% attack on Bitcoin. If it drops to $2 billion (security budget accounts for 0.1% of Bitcoin's market value), the attack is almost inevitable, and this will become clear in the next decade. In contrast, Ethereum is expected to become the default consensus point for Internet value storage with its true decentralization. Hummer also mentioned that after communicating with traditional financial executives, it was found that millions of TPS (transactions per second) could not be achieved on a single global state machine, but it was completely feasible through Ethereum's neutral settlement layer and high-speed L2 network. He emphasized that the stability and maturity of decentralized financial infrastructure far outweigh short-term performance improvements, especially in the wave of tokenization of real-world assets (RWA) - currently 85% of RWA and most stablecoins have chosen Ethereum. In response to the criticism that "Ethereum tries to do too much", Hummer retorted that this is no different from questioning the multiple functions of Windows or the Internet. He believes that Ethereum is becoming the cornerstone of the global financial system, and its security, decentralization and ecological diversity are the key to attracting large-scale institutional adoption.
Etherealize co-founder: Bitcoin's prospects are worrying due to security budget issues. Currently, launching a 51% attack only costs $8 billion
- 2025-05-14
Financial Times releases documentary about Michael Saylor and MicroStrategy, discussing their $40 billion Bitcoin investment strategy
- 2025-05-14
Data: Hong Kong virtual asset ETF today's transaction volume is about HK$31.8567 million
- 2025-05-14
Sentora: $1.2 billion of ETH was withdrawn from CEX in the past 7 days, and the seller pressure has decreased
- 2025-05-14
39,368 ETH transferred from Binance to unknown wallet, about $104.4 million
- 2025-05-14
Analysis: Bitcoin's recent rise may be led by institutions, and retail investors have not entered the market
- 2025-05-14
New Hampshire Department of Finance warns residents to beware of Bitcoin scam calls impersonating government officials