It wants to update old Web2 and finance systems that still lock people in. Horsley made this point in a recent post on X, where he said the network will serve as the base layer for new apps and fintech tools.
Based on reports, Horsley compared Ethereum to a phone’s operating system. He said each app on a phone has its own job, yet they all run on the same core tech.
This setup gives developers freedom. It also shifts the focus from measuring tokens only by price to judging them by use.
Ethereum isn’t competing with Bitcoin.
It’s competing with web 2.0 and legacy financial services software —
We’re going to move away from the “CoinMarketCap” era over the next 6-12 mo; away from the view that every crypto asset is the same, just diff mkt caps.
We’re going to…
Developers say this beats old Web2 sites, which often block change. The code is public, so people worldwide can copy or tweak it. That makes the network more creative and accessible.
Ethereum’s next big step is a modular design. Based on data, the MegaETH test showed it can handle 1.7 Ggas/s. That equals roughly 130 million transactions per day.
Data throughput hit 980 MB/s. These gains come from splitting tasks: consensus, execution, and data availability each get their own lane. Nodes stay cheap to run, so more people can host them. You don’t need expensive gear to help keep the network strong.
Some users welcome these moves. They say Ethereum was never meant to copy Web2. It was supposed to go beyond. By breaking down old silos, it can offer services that banks and big tech can’t.
Critics, however, argue that Ethereum’s rise has slowed Bitcoin’s own tech growth. That debate continues in forums and chats.
Market watchers say these gains reflect more than price pumps. They see hope in the network’s upgrades and new projects.
Featured image from Unsplash, chart from TradingView
