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is commonly depicted as conventional finance’s adversary in a Manichean battle for decentralization. In actuality, there isn’t any battle in any respect. Somewhat than subverting the normal monetary sector, Ethereum is enhancing it. Quickly, the 2 programs might be inextricably entwined.
Ethereum’s core worth propositions — self-custody, transparency and disintermediation — are enormously related to monetary establishments, and they are often realized inside present regulatory frameworks. Ethereum has already taken the primary steps towards institutional adoption, and with its unmatched community decentralization, it’s all however destined to change into the first settlement layer for the world’s monetary transactions.
Alex O’Donnell is the founder and CEO of Umami Labs and labored as an early contributor to Umami DAO. Previous to Umami Labs, he labored for seven years as a monetary journalist at Reuters, the place he lined M&A and IPOs.
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