Analyst Lyn Alden Says Ethereum Is Still An ‘Unfinished Project’ – Altcoins Bitcoin News

A bitcoin strategist and investor (BTC) remains skeptical of the Ethereum protocol, calling it an “unfinished product.” Lyn Alden, adviser for the average dollar cost of BTC’s investment app Swan Bitcoin, believes the network has no concrete model, “other than just speculation.”

Alden Prefers Bitcoin Modular Design From An Engineering Perspective

In a blog post on her personal website, Alden pointed out that the Ethereum protocol is an unfinished product “at the base tier, with a fairly rounded use case to date revolving around trading, providing liquidity, and gambling, altcoins. ”

Before going in depth to analyzing the ethereum ecosystem (ETH), she explained that her views were provided from an investor perspective.

Lake Alden prefers Bitcoin’s modular design than Ethereum from an engineering standpoint. He gave the following reasons:

The base layer is simple and stable, designed to be almost bulletproof. At the top of that tier, the ecosystem can innovate, and while it may not move as fast as some people prefer, it is moving in the direction the market wants. That is also how the current financial system works; basic settlement layers and then faster payment layers are built on top of those base layers.

Ethereum Is Still An ‘Experimental’ Project

On the other hand, the bitcoin investor says many of the design aspects of Ethereum 2.0 are “clever, and it’s obviously well thought out.” However, she still believes that there is a lot of speculation about “what the demand will be, how well it will operate, and how safe it will be to maintain itself.”

Alden added:

They change many things about the protocol that made it successful in terms of pricing for the first 5 years of its life, in a bid to address current constraints that threaten network functionality.

He also explained that investors should be aware that Ethereum is still undergoing alpha development. Alden predicts that Ethereum 2.0 could be up and running in another five years. Until then, Ethereum should be considered “experimental.”

What do you think of Alden’s thoughts on the Ethereum protocol? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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