Lyn Alden, one of the biggest names in the investment sector famously posted that Ethereum could turn into Concorde. This was put in a blog post just a few backs ago where she was reviewing the protocol of this cryptocurrency from the perspective of an investor. In the same blog post, Alden also pointed out some of the biggest obstacles that this cryptocurrency would be facing.
Ethereum and Concorde Have a Deceptively Similar Trajectory
One of them was that Ethereum might never reach a stage of mass adoption- which would be eerily similar to the Concorde Jet which was prevalent in the 1970s. Interestingly, the Concorde jets operated over two and a half decades, and yet it famously never quite optimized its full potential. There just wasn’t market enough, that would fit the aura of a commercial flight.
Ethereum, on the other hand, has quite a few goals that would aim at it transforming into the world’s leading supercomputer. Several developers of this altcoin have been anticipating that this network will surely run and host millions of applications that are currently decentralized. The applications would range all the way from finance, to business, to gaming, and even more.
One of the major facets of the entire vision is a protocol at a base layer that would be able to take care of the million influxes of dapp transactions and users. Ethereum’s base layer is Ethereum 2.0- which has been created solely for its long term vision and use case.
For investors, it is really hard to gauge the implications that Eth 2.0 or Ethereum would have on the finance sector. But it would also be equally problematic for cryptocurrency enthusiasts to see its value before other investors. The entire market is a jumbled circle.
