Part 5/12:
Kathy Wood, however, appears more optimistic about Ethereum’s evolution, highlighting the significance of Ethereum’s transition to PoS and layer 2 solutions, which aim to scale and reduce costs. She raises concerns about the security of Layer 1 blockchains if banks or large institutions create proprietary chains in a bid to dominate the market.
Blockchain Speed and Adoption
Community debates about the transaction speed of Bitcoin’s base layer were also discussed. While Bitcoin can handle roughly seven transactions per second, the Lightning Network—its layer 2 solution—enables faster transactions advantageous for everyday payments. However, this has also invited criticism regarding scalability and network security.