Wall Street's private blockchain obsession is a 'race to the bottom,' Ethereum advocate Raman warns
Ethereum advocate Raman argues that traditional finance firms' preference for private, permissioned 'consortium chains' is a flawed strategy. He suggests that an open, permissionless base layer like Ethereum is essential for long-term interoperability and liquidity.
Etherealize acts to attract traditional finance (TradFi) firms to Etheruem. The 10-year-old blockchain is a base layer for billions of dollars in tokenized assets and the settlement layer underpinning much of decentralized finance (DeFi). Now the story is about attracting institutions such as BlackRock (BLK) to the permissionless ecosystem where all transactions are visible to everyone.
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