Todd Morley said that Ethereum has a much higher utility through smart contracts.
Todd Morley, co-founder and former director of Guggenheim Partners, said that Ethereum has a “much higher benefit” than Bitcoin.
Morley said that Bitcoin is beneficial, but Ethereum has a much higher benefit for him through smart contracts.
According to Morley, who also built a wireless protocol and “the world’s largest NFT museum”. There is no end to any industry without technology and strategy to digitize. Blockchain technology is advancing very fast all over the world. Morley stated that the number of application developers in Ethereum has increased rapidly for six years and referred to Moore’s Law. Stating that Ethereum is much faster, the manager used the phrase “this is where the real action is”.
Moore’s Law, we can explain it as an observation made by American engineer Gordon Moore in 1965. Stating that the number of transistors in a dense integrated circuit doubles approximately every two years. In other words, it can explain as the speed and capacity of computers increasing every few years. Importantly it’s also decreasing their costs.
Morley states that the large-scale distribution of Ethereum’s utility function and access to assets does not fully realize, but hopes to be a leader if it does.
Morley is also chairing the blockchain project Overline Network. An interoperability protocol designed to connect blockchains together, allowing Bitcoin to connect into decentralized finance (DeFi) protocols. Overline launched its decentralized marketplace called Interchange earlier this year. It claims to enable collateral-based trading across multiple blockchains without packaged tokens or gas fees.
Stating that Overline will be the pioneer of many projects people can have. Morley says he thinks the utility function of the crypto market will be a very positive development for the world.