Defending Ethereum's Roadmap ($)
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📸 Daily Market Snapshot: ETH's price is up 16% week-over-week, climbing out of early September's depression while inching back up above the 0.040 ETH/BTC ratio it dipped below more than a week ago. Is this growth a sign of renewed enthusiasm or merely a signal that investors were getting irresponsibly bearish on the asset?
| Prices as of 6pm ET | 24hr | 7d |
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Crypto $2.23T | ↗ 1.2% | ↗ 10.4% |
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BTC $63,315 | ↗ 1.0% | ↗ 9.2% |
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ETH $2,654 | ↗ 4.4% | ↗ 16.0% |
|
TAO $546 | ↗ 18.6% | ↗ 91.1% |
Recently, Ethereum creator Vitalik Buterin pointed to Taiko as a good example of a “based rollup.” This kind of L2 is a newer approach, but what does it mean?
Of course, a rollup is an L2 that processes Ethereum transactions offchain and then posts data back to the Ethereum mainnet (a.k.a. L1) for security. Accordingly, based rollups are a newer concept in the rollup space. The key characteristic of a based rollup like Taiko is that it uses the Ethereum L1 for sequencing transactions.
See how to get started on Taiko 👇
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Is Ethereum’s Rollup-centric roadmap a Queen Sacrifice blunder? That’s the core question the industry is asking, and Bankless has aired some of the dissent. Today’s episode voices a counter to the doubters.
Mike Neuder is an Ethereum developer and previous Bankless guest. He thinks the Ethereum roadmap is pretty great as is. His message is to stay the course, play the long game, and watch ETH grow in value as a monetary asset as the Ethereum economy grows across L2s.
Hear all of the analysis! 👇