A bitcoin (BTC) strategist and investor remain skeptical towards the Ethereum protocol, considering it an â€œunfinished product.â€ Lyn Alden, an advisor for the dollar cost averaging BTC investing app Swan Bitcoin, believes the network lacks a concrete model, â€œother than just speculation.â€
Alden Prefers Bitcoinâ€™s Modular Design From an Engineering Perspective
In a blog post on her personal website, Alden pointed out that Ethereum protocol is an unfinished product â€œon the base layer, with a rather circular use-case so far that revolves around the trading, liquidity provision, and gamification, of altcoins.â€
Before going in-depth into analyzing the ethereum (ETH) ecosystem, she clarified that her views are provided from an investorâ€™s perspective.
Ethereum Is Still an â€˜Experimentalâ€™ Project
On the other hand, the bitcoin investor says that many of Ethereum 2.0 design aspects are â€œclever, and itâ€™s clear that a lot of thought has been put into it.â€ However, she still believes there is a lot of speculation about â€œwhat demand for it will be, how well it will function, and how securely it will maintain itself.â€
She also clarified that investors should be aware that Ethereum is still in alpha development. Alden forecasts that Ethereum 2.0 could be in place in another five years. Until then, Ethereum should be considered â€œexperimental.â€
What do you think about Aldenâ€™s thoughts on the Ethereum protocol? Let us know in the comments section below.