Ethereum Apocalypse: This is Hitting $500 Again, Isn't It?

This is bad.

Photo by Nenad Novaković on Unsplash

I have some bad news.

Recently one of Ethereum's top developers said Ethereum was "too complex."

Péter Szilágyi (karalabe.eth) @peter_szilagyi

There have been engineering attempts to reduce the complexity (module split in Erigon, responsibility split in The Merge). Yet there was never an attempt to reduce the protocol complexity. We are already past the point of anyone having a full picture of the system. This is bad.

Péter Szilágyi, a lead developer for Ethereum added, "I can't say what the solution is, but my 2c is to stop adding features and start culling, even at the expense of breaking things. There are less and less people knowing and willing to piece together a broken network."

Uh-oh.

So, with the merge and Ethereum 2.0 coming out, is there any cause for concern for Ethereum holders in 2022? Unfortunately, I think there is.

Everything in Crypto is Dying