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The virtual invest: ethereum economy event will be held on Wednesday 14 October. CoinDesk’s Christine Kim spoke with colleagues Michael J. Casey and Aaron Stanley about the most compelling and little discussed topics on Ethereum 2.0 which will be the protagonist of next week’s conference.
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This episode is sponsored by Crypto.com, Nexo.io and elliptical.
From staking dynamics to sharding architecture, there haven’t been many topics that core Ethereum 2.0 developers have avoided discussing over the past five weeks about “Developer Perspectives: Ethereum 2.0”.
See also: 3 things you should know before betting on Ethereum 2.0
Each discussion, however, raised new questions about the ramifications of Ethereum’s transition to proof of participation in cryptocurrency markets and the broader blockchain industry.
“There are a lot of unanswered questions about how markets will perform,” said Casey, CoinDesk’s chief content officer. “We end up with a split, [with] two versions of ethereum or at least two tokens that are traded differently on the market? “
Casey added that financial engineers in the decentralized finance (DeFi) space will likely try to unlock the liquidity of Ethereum 2.0-backed ETH before token transfers are officially enabled on the network. What new DeFi products are created, their features and, more importantly, their impact on ETH’s value remain to be determined.
In addition to lingering questions about how markets will react to the launch of Ethereum 2.0, there is also uncertainty about how the launch will affect the competitive landscape for dapp users and dapp developers in the cryptocurrency industry.
“What does the multi-chain future look like?” asked Stanley, CoinDesk’s event content CEO. “If Eth 2.0 is successful,… what does it mean for all these others [smart contract] chains out there? Will they go away or will they simply cease to exist? I don’t think that’s the case. “
With the recent popularity around yield farming and liquidity mining on Ethereum, Stanley has also questioned what the real incentives are for users holding large amounts of ETH, up to $ 11,000, to go for Ethereum 2.0. when they could earn “100x return farming ‘hotdog coin” or whatever meme coin of the day is. “
See also: Yearn, YAM and Crypto’s “Weird DeFi” moment
These questions are pertinent to the discussions that will take place next Wednesday at invest: ethereum economy. Keynote speakers at the virtual conference are Ethereum founder Vitalik Buterin and US Commodity Futures Trading Commission President Heath P. Tarbert. To register for the event, click here.
To download or stream the full podcast episode with Casey and Stanley, you can go to Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. For early access to CoinDesk Research’s future podcast episodes, be sure to click “subscribe” on these channels.
CoinDesk Research recently released an updated report on the launch of Ethereum 2.0, as well as recent developments on the existing Ethereum blockchain. Download it for free on CoinDesk Research Hub.
