Kain Warwick, founder of Synthetixix, says new crypto projects pose a real threat to Ethereum

Kain Warwick, founder of derivatives liquidity protocol Synthetix, believes a number of new smart contract blockchains are now legitimate competitors to Ethereum. In a recent interview with UpOnly, Warwick said that the pace of Ethereum development allows competitors to compete. “We have now allowed real competitors to pose a threat to the Ethereum ecosystem. We have to deal with this as a municipality. We have to be pragmatic about things, and now we need practical solutions that work… 'Well, we're going to wait for the perfect solution. We're not going to be pragmatic about it. We're going to keep doing what we're doing until we design something that's great and uncompromising and solves every problem,' other people will come and they will be pragmatic.' On the other hand, the Synthetix founder points out that scaling solutions such as Arbitrum and Polygon strengthen Ethereum's competitiveness against blockchains such as Solana (SOL) and Binance Smart Chain (BSC). “I think we're getting there. So Arbitrum is getting closer to launch, we have Polygon… There are things that are starting to work in the Ethereum ecosystem, and you're starting to understand that Solana and BSC are balancing the value proposition. But we have a lot of work to relax them, and once we get these, it's probably You know we can't relax as much." Don't miss a thing – Subscribe to receive crypto email alerts straight to your inbox Follow us on Twitter, Facebook and Telegram The Daily Hodl Mix Check the latest news Headlines Disclaimer: Opinions expressed in The Daily Hodl are not investment advice Take due care before making any risky investment in bitcoin, cryptocurrency or digital assets Please note that your transfers and transactions are at your own risk and any loss is your responsibility Daily Hodl does not recommend trading

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