Is ETH its own roadblock?
Okay, hear me out.The ETH token was the first of its kind. A prototype, if you will. It doesn't do too well with standards built on its own chain, ironically enough.Wrapped ETH makes this possible, but isn't it a detour? Why can't the original contract be updated to allow for seamless transaction between the different token standards on the Ethereum blockchain. Centralized exchanges are the weakest link in the whole ecosystem, but I understand why users prefer it to DEXes due to the user-friendliness and being able to use ETH directly.The contract would need to be updated eventually with 2.0 and while there will undoubtedly be a PoW and a PoS consensus method running side by side for a bit, it would still need to be updated eventually and allow for old tokens to be transferred or re-registered in ETH 2.0.@Ethereum @Telegram
Posted by CryptoGeekazoid
on Reddit.com (r/ethereum) August 17, 2019 at 07:21PM Thread Link: https://ift.tt/2Hd7T1t