Ethereum (CRYPTO: ETH) developers have shrugged off a warning from analysts at JPMorgan that scaling up for the network may come too late to ward off competition from rival projects.
What Happened: Ethereum developer Tim Beiko called JPMorgan’s note on the second-largest coin’s sharding efforts as “lazy/very high level critique,” as per a Decrypt report.
Pointing to an in-place mechanism that allows transactions to be executed off-chain, Beiko said, “Rollups are live today, and sharding will lower their costs, but the tech works and is now massively derisked.”
The Graph (GRT) co-founder Tegan Kline said Ethereum was the most widely used chain on the Ethereum indexing protocol.
“Of the 26 networks that The Graph supports, 66.7% of the queries are on Ethereum” said Kline.
Kline pointed to chain security being important and said “for the foreseeable future Ethereum has the most security,” reported Decrypt.
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