‘Ethereum’s Future Is Bright’: Vitalik Buterin Tackles Price and Layer-2 Frustrations – BitRss

Ethereum co-founder Vitalik Buterin laid out his latest thoughts on the blockchain’s future Friday, addressing head-on an issue that he rarely discusses: Concerns about ETH ($3,328.46)’s price, and the role of layer-2 scaling networks in depressing the asset’s financial health. 

Layer-2 networks, built atop of Ethereum’s mainnet, now dominate the blockchain thanks to the miniscule gas fees and speedy transaction times they offer. But analysts have predicted that the proliferation of L2s could cost Ethereum trillions of dollars over the next few years, given how they muck up ETH’s token-burning roadmaps—and thus, the asset’s intended deflationary trajectory.

Indeed, as other cryptocurrencies have soared in recent months, ETH has remained defiantly stagnant—prompting a popular