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Ethereum Still Doesn’t Match Bitcoin Despite the Merge – Tether and Bitfinex CTO

Written by: Qadir AK

Written by right arrow

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Sep 15, 2022

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On September 14, the CTO of Tether and Bitfinex, Paolo Ardoino, said that Ethereum still doesn’t match Bitcoin because its narrative keeps shifting. He argued that while Bitcoin is a form of money, Ethereum is stuck between claims of being a form of money and claims of being a platform, but ETH cannot compete with Bitcoin on the money front because there is no fixed supply. 

Skeptical about the change, Ardoino said that the Merge will not fix transaction fees or make Ethereum any more decentralized. He added that The Merge won’t impact the ecosystem’s Layer 2 solutions either as it doesn’t directly solve Ethereum’s scalability issues.

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