Etherealize CEO Warns Wall Street Consortium Blockchain Revival Risks Fragmenting Crypto Ecosystem

CC1.28%
ARC-4.59%
ETH0.08%
According to ChainCatcher, Etherealize CEO Vivek Raman warned that Wall Street's renewed interest in private, permissioned consortium blockchains is fragmenting the ecosystem and weakening blockchain interoperability. He pointed to emerging networks like Digital Asset's Canton Network, Circle's ARC, and Stripe's Tempo as repeating past mistakes of systems like R3 and Hyperledger, ultimately trapping institutions in competing, permission-based silos. Raman emphasized that Ethereum mainnet should function as an open, permissionless global layer similar to HTTP, with institutions adding privacy and permissioning at the application or L2 level to maximize interoperability and liquidity.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments