1confirmation Founder: Token Distribution and Transparency, Jurisdiction, and Developers May Define the Trustworthy Neutrality of BTC and ETH
David Marcus, the former head of Facebook's stablecoin project, posted on the X platform to refute Nick Tomaino, the founder of 1confirmation, who believes that ETH is by no means neutral. In response, Nick Tomaino stated that credible neutrality can be defined in three aspects: 1. Token distribution and transparency: BTC has 0% internal distribution. Anyone can participate as a PoW miner with complete transparency. ETH has a 10% internal distribution and previously used PoW mining, while Solana has an internal distribution of 62%, with early token distribution and validators not disclosed, lacking overall transparency; 2. Jurisdictional relationships: Bitcoin initiated the internet native, Ethereum is building the internet native with the global community, Solana is more like a "corporate token" and has participated in U.S. lobbying; 3. Developer platform: Bitcoin does not have a good developer platform, while Ethereum has many important use cases (stablecoins, DeFi, NFTs, prediction markets, decentralized social networks, etc.), prioritizing providing a decentralized platform for developers and companies. Blackrock, Fidelity, Stripe, Deutsche Bank, Sony, Visa, Polymarket, Uniswap, Aave, and Opensea are all building within the Ethereum ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum's Market Cap Surpasses Coca-Cola, Rises to 40th in Global Asset Rankings
Aave TVL Reaches $25 Billion, Setting a New All-Time High
ETH Surpasses $2500
Trending news
MoreCrypto prices
More








