Ether May ‘Inevitably’ Turn Into a Store of Value After Ethereum’s Merge, Consensys Economist Says

To secure Ethereum’s network, “a fairly large portion of people are going to be staking their ETH,” LexSokolin, head economist ConsenSys told CoinDesk TV’s “First Mover,” which may “...turn at least some ETH into a store of value.” _franvela reports

Sokolin, who focuses on areas of decentralized finance and autonomous organizations , said Ethereum’s use as collateral in DeFi suggests there are those who are “certainly supportive of ETH as a store of value, ultrasound money type asset.”

Sokolin added that ETH is not only “being used to power the protocol,” but it is also oftentimes being used as “a unit of account for all sorts of goods and NFTs inside of Web 3.” are known as non-fungible tokens and give collectors ownership of the digital items they’ve bought into.“It has both of those functions,” Sokolin said. “The sound money function as well as the store of value function.”“The thing I would be excited about in regards to Bitcoin would be to see more Bitcoin incorporated into Web 3, likely through bridging or rapping,” Sokolin said. “And if it could be used as collateral inside of Web 3, that would be even more powerful.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

CoinDesk /  🏆 291. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Titans Returns in November, and It's Bringing Lex Luthor With ItBut will he come to the show bearing peach tea for everyone else?
Les mer »

'Titans' Showrunner Says Titus Welliver Was a Giant Fan Before Joining Season 4Titus Welliver was a big fan of Titans before signing on to play Lex Luthor in Season 4.
Les mer »

Titans S04 This November; Preview of Titus Welliver's Lex LuthorWith the HBOMax series returning for Season 4 in November, DCTitans showrunner GregWalker offers some intel on TitusWelliver's (Bosch, BoschLegacy) LexLuthor. / Conner JoshuaOrpin Titans BrotherBlood
Les mer »

HBO Max's Titans Season 4 Adds Titus Welliver as Lex LuthorBosch star Titus Welliver has been cast as Lex Luthor in the upcoming fourth season of HBO Max's superhero series Titans.
Les mer »