{"id":642827,"date":"2024-09-19T04:30:26","date_gmt":"2024-09-19T04:30:26","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=642827"},"modified":"2024-09-18T14:16:16","modified_gmt":"2024-09-18T14:16:16","slug":"bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/","title":{"rendered":"Bitwise CIO Calls Ethereum The ‘Microsoft Of Blockchains’, Can ETH Make A Comeback?"},"content":{"rendered":"

Bitwise Chief Investment Officer Matt Hougan dubbed Ethereum (ETH) the \u2018Microsoft of blockchains\u2019, adding that none of the smart contract platform\u2019s challenges are existential.<\/span><\/p>\n

Ethereum Has Challenges, But None Of Them Are Existential<\/span><\/h2>\n

In a recent <\/span>memo<\/span><\/a> titled \u2018A Contrarian Bet on Ethereum\u2019, Hougan highlighted the tumbling ETH\/BTC trading pair, indicating the weakening Ethereum price versus Bitcoin (BTC). At press time, the trading pair is exchanging hands at 0.038, its lowest level in three years.<\/span><\/p>\n

Related Reading: Ethereum-Bitcoin Ratio Breaks 0.04 Barrier: Could Altcoins Be At Risk?<\/a><\/div>\n

Compared to some of the other leading digital currencies, ETH hasn\u2019t had an eventful 2024. On a year-to-date basis, Bitcoin is up 38%, while the rival smart contract platform Solana (SOL) is up 31%. Binance\u2019s BNB token has surged by 72% in the same period. However, ETH has remained flat, currently trading at $2,306.\u00a0<\/span><\/p>\n

Ethereum\u2019s underperformance in terms of token price, according to Hougan, has made it \u2018cool to hate Ethereum right now.\u2019 Hougan noted several factors that might risk the Ethereum ecosystem, including the prospect of Democratic US presidential candidate Kamala Harris winning the election and continuing Biden administration\u2019s suspicious attitude toward everything crypto.<\/span><\/p>\n

In addition, the Bitwise CIO acknowledged the threats posed by competing blockchain projects, such as Solana, that offer higher throughput and lower transaction costs. He also admitted that ETH exchange-traded-funds (ETFs) <\/span>haven\u2019t<\/span><\/a> had as much success as Bitcoin ETFs.<\/span><\/p>\n

Although Hougan acknowledged the success of several Layer-2 solutions such as Base, Arbitrum, and Optimism, he stressed that their success has pulled so much transaction volume from Ethereum that its revenues have <\/span>crashed<\/span><\/a> to a four-year low. According to Hougan, these reasons are valid but \u2018they miss the broader point.\u2019<\/span><\/p>\n

Hougan stressed that blockchain applications witnessing success in user adoption are all dominated by Ethereum, such as stablecoins and decentralized finance (DeFi). Over 50% of stablecoins are still issued on the ETH blockchain. Similarly, over 60% of DeFi assets are locked in various ETH-powered protocols.\u00a0<\/span><\/p>\n

Hougan Remains Bullish On ETH<\/span><\/h2>\n

In the memo, Hougan mentioned that institutional confidence in Ethereum remains high, as seen in asset manager BlackRock\u2019s decision to develop a tokenized money market on Ethereum this year. Similarly, Nike chose Ethereum to launch its Web 3 gear platform called Swoosh.<\/span><\/p>\n

Related Reading: Time To Convert Bitcoin To Ethereum? ETH\/BTC Charts Gears Up For 180% Surge<\/a><\/div>\n

He noted:<\/span><\/p>\n

Ethereum has the most active developers, the most active users, and a market cap that is 5x bigger than its closest competitor. It\u2019s the only programmable blockchain that has a modicum of regulatory support in the U.S., with a booming regulated futures market and a multi-billion-dollar ETF market.<\/span><\/p><\/blockquote>\n

To bolster his argument, Hougan compared Ethereum to software juggernaut Microsoft, saying that even though other tech companies like Google, Zoom, and Slack have offered useful services, Microsoft continues to be larger than all of them put together.<\/span><\/p>\n

Concluding, Hougan said that Ethereum\u2019s opportunities are enormous. As the world inches closer to the November US presidential elections, the market participants may <\/span>reevaluate<\/span><\/a> the second largest cryptocurrency by market cap. At press time, ETH trades at $2,306, commanding a total market cap of $277 billion.<\/span><\/p>\n

\"ethereum\"
ETH is back to its January 2024 price level | Source: ETHUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from Unsplash, Chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitwise Chief Investment Officer Matt Hougan dubbed Ethereum (ETH) the \u2018Microsoft of blockchains\u2019, adding that none of the smart contract platform\u2019s challenges are existential. Ethereum Has Challenges, But None Of Them Are Existential In a recent memo titled \u2018A Contrarian Bet on Ethereum\u2019, Hougan highlighted the tumbling ETH\/BTC trading pair, indicating the weakening Ethereum price versus Bitcoin (BTC). At press time, the trading pair is exchanging hands at 0.038, its lowest level in three years. Related Reading: Ethereum-Bitcoin Ratio Breaks 0.04 Barrier: Could Altcoins Be At Risk? Compared to some of the other leading digital currencies, ETH hasn\u2019t had an eventful 2024. On a year-to-date basis, Bitcoin is up 38%, while the rival smart contract platform Solana (SOL) is up 31%. Binance\u2019s BNB token has surged by 72% in the same period. However, ETH has remained flat, currently trading at $2,306.\u00a0 Ethereum\u2019s underperformance in terms of token price, according to Hougan, has made it \u2018cool to hate Ethereum right now.\u2019 Hougan noted several factors that might risk the Ethereum ecosystem, including the prospect of Democratic US presidential candidate Kamala Harris winning the election and continuing Biden administration\u2019s suspicious attitude toward everything crypto. In addition, the Bitwise CIO acknowledged the threats posed by competing blockchain projects, such as Solana, that offer higher throughput and lower transaction costs. He also admitted that ETH exchange-traded-funds (ETFs) haven\u2019t had as much success as Bitcoin ETFs. Although Hougan acknowledged the success of several Layer-2 solutions such as Base, Arbitrum, and Optimism, he stressed that their success has pulled so much transaction volume from Ethereum that its revenues have crashed to a four-year low. According to Hougan, these reasons are valid but \u2018they miss the broader point.\u2019 Hougan stressed that blockchain applications witnessing success in user adoption are all dominated by Ethereum, such as stablecoins and decentralized finance (DeFi). Over 50% of stablecoins are still issued on the ETH blockchain. Similarly, over 60% of DeFi assets are locked in various ETH-powered protocols.\u00a0 Hougan Remains Bullish On ETH In the memo, Hougan mentioned that institutional confidence in Ethereum remains high, as seen in asset manager BlackRock\u2019s decision to develop a tokenized money market on Ethereum this year. Similarly, Nike chose Ethereum to launch its Web 3 gear platform called Swoosh. Related Reading: Time To Convert Bitcoin To Ethereum? ETH\/BTC Charts Gears Up For 180% Surge He noted: Ethereum has the most active developers, the most active users, and a market cap that is 5x bigger than its closest competitor. It\u2019s the only programmable blockchain that has a modicum of regulatory support in the U.S., with a booming regulated futures market and a multi-billion-dollar ETF market. To bolster his argument, Hougan compared Ethereum to software juggernaut Microsoft, saying that even though other tech companies like Google, Zoom, and Slack have offered useful services, Microsoft continues to be larger than all of them put together. Concluding, Hougan said that Ethereum\u2019s opportunities are enormous. As the world inches closer to the November US presidential elections, the market participants may reevaluate the second largest cryptocurrency by market cap. At press time, ETH trades at $2,306, commanding a total market cap of $277 billion. Featured image from Unsplash, Chart from Tradingview.com<\/p>\n","protected":false},"author":619,"featured_media":642830,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89518],"tags":[134,14917,1020,1558,4854,1946,78803],"class_list":["post-642827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news","tag-altcoin","tag-bitwise","tag-blockchain","tag-cryptocurrency","tag-ether","tag-ethereum","tag-ethusdt"],"acf":[],"yoast_head":"\nBitwise CIO Calls Ethereum The 'Microsoft Of Blockchains', Can ETH Make A Comeback?<\/title>\n<meta name=\"description\" content=\"Bitwise CIO dubbed Ethereum the \u2018Microsoft of blockchains\u2019, adding that none of the smart contract platform\u2019s challenges are existential.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitwise CIO Calls Ethereum The 'Microsoft Of Blockchains', Can ETH Make A Comeback?\" \/>\n<meta property=\"og:description\" content=\"Bitwise CIO dubbed Ethereum the \u2018Microsoft of blockchains\u2019, adding that none of the smart contract platform\u2019s challenges are existential.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-19T04:30:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-18T14:16:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/09\/ethereum_3fdd87.jpg?fit=1920%2C1277\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1277\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ash Tiwari\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ash Tiwari\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/\"},\"author\":{\"name\":\"Ash Tiwari\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/66ba14b4f737ebbc85ec7d893b1f9f41\"},\"headline\":\"Bitwise CIO Calls Ethereum The ‘Microsoft Of Blockchains’, Can ETH Make A Comeback?\",\"datePublished\":\"2024-09-19T04:30:26+00:00\",\"dateModified\":\"2024-09-18T14:16:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/\"},\"wordCount\":562,\"publisher\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/09\/ethereum_3fdd87.jpg?fit=1920%2C1277\",\"keywords\":[\"altcoin\",\"bitwise\",\"blockchain\",\"cryptocurrency\",\"Ether\",\"ethereum\",\"ETHUSDT\"],\"articleSection\":[\"Ethereum News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/\",\"url\":\"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/\",\"name\":\"Bitwise CIO Calls Ethereum The 'Microsoft Of Blockchains', Can ETH Make A Comeback?\",\"isPartOf\":{\"@id\":\"https:\/\/shenyangcang.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/09\/ethereum_3fdd87.jpg?fit=1920%2C1277\",\"datePublished\":\"2024-09-19T04:30:26+00:00\",\"dateModified\":\"2024-09-18T14:16:16+00:00\",\"description\":\"Bitwise CIO dubbed Ethereum the \u2018Microsoft of blockchains\u2019, adding that none of the smart contract platform\u2019s challenges are existential.\",\"breadcrumb\":{\"@id\":\"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/#primaryimage\",\"url\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/09\/ethereum_3fdd87.jpg?fit=1920%2C1277\",\"contentUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/09\/ethereum_3fdd87.jpg?fit=1920%2C1277\",\"width\":1920,\"height\":1277,\"caption\":\"ethereum\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/shenyangcang.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitwise CIO Calls Ethereum The ‘Microsoft Of Blockchains’, Can ETH Make A Comeback?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/shenyangcang.com\/#website\",\"url\":\"https:\/\/shenyangcang.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/shenyangcang.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/shenyangcang.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/shenyangcang.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/66ba14b4f737ebbc85ec7d893b1f9f41\",\"name\":\"Ash Tiwari\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/477dc73c26a35c18ca40f21a879a99b3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/477dc73c26a35c18ca40f21a879a99b3?s=96&d=mm&r=g\",\"caption\":\"Ash Tiwari\"},\"description\":\"Ash is a dedicated crypto researcher and blockchain enthusiast with a passion for diving deep into the evolving world of decentralized technologies. With a background in writing and a natural curiosity for how digital assets are shaping the future, he has immersed himself in various sectors of the cryptocurrency space, including decentralized finance (DeFi), NFTs, and liquidity mining. His journey into crypto started with a desire to fully understand the technology behind it, leading him to explore and engage with these systems firsthand. Ash\u2019s approach to DeFi goes beyond surface-level research as he actively participates in decentralized protocols, testing their functionality to gain a deeper understanding of how they operate. From experimenting with staking mechanisms to exploring liquidity mining strategies, he is hands-on in his exploration, which allows him to provide practical, real-world insights that go far beyond theoretical knowledge. This immersive experience has helped him develop a comprehensive grasp of smart contracts, token governance, and the broader implications of decentralized platforms on the future of finance. In the NFT space, Ash\u2019s interest is driven by the technology\u2019s potential to reshape ownership and creativity in the digital age. He has explored various NFT projects, gaining insights into how these digital assets function within different ecosystems. His focus is on understanding the evolving relationship between creators and communities, as well as the innovative uses of blockchain technology to establish authenticity and provenance in the digital world. Ash\u2019s research in this area often touches on the intersection of culture, technology, and community-driven projects. A key area of his expertise lies in liquidity mining, where he has engaged with various decentralized platforms to understand how liquidity provision contributes to the functionality and security of DeFi ecosystems. Ash\u2019s hands-on involvement has allowed him to analyze the risks, rewards, and broader implications of liquidity pools, giving him a well-rounded perspective on this integral part of DeFi. His understanding of risk management and protocol design allows him to provide insights into how these systems can be navigated effectively, with an emphasis on both opportunity and caution. When it comes to communicating these complex topics, Ash\u2019s writing is grounded in clarity and depth. He excels at breaking down intricate blockchain concepts into easily digestible information for a wide audience. Whether explaining the workings of decentralized exchanges or outlining the future potential of blockchain technology, Ash ensures that his content is accessible to both those new to the space and experienced participants looking for deeper insights. Beyond DeFi and NFTs, Ash explores a wide array of emerging blockchain applications. His research spans areas like cross-chain technologies, decentralized governance, and blockchain\u2019s potential to integrate with traditional finance. He is continuously learning and adapting to the latest developments, ensuring that his insights are both timely and relevant. His interest extends to how these technologies are creating new possibilities for decentralization, transparency, and trust in a variety of industries. Ash\u2019s commitment to engaging with the crypto space firsthand gives him a unique perspective that goes beyond what can be learned from research alone. His practical involvement allows him to stay ahead of the curve, offering readers and enthusiasts a clear and comprehensive understanding of the rapidly evolving world of blockchain. Whether delving into the technical mechanics of DeFi or exploring the cultural impact of NFTs, Ash\u2019s approach is always rooted in curiosity, research, and a desire to make this technology accessible to all.\",\"url\":\"https:\/\/shenyangcang.com\/author\/aisshwaryatiwari\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitwise CIO Calls Ethereum The 'Microsoft Of Blockchains', Can ETH Make A Comeback?","description":"Bitwise CIO dubbed Ethereum the \u2018Microsoft of blockchains\u2019, adding that none of the smart contract platform\u2019s challenges are existential.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/","og_locale":"en_US","og_type":"article","og_title":"Bitwise CIO Calls Ethereum The 'Microsoft Of Blockchains', Can ETH Make A Comeback?","og_description":"Bitwise CIO dubbed Ethereum the \u2018Microsoft of blockchains\u2019, adding that none of the smart contract platform\u2019s challenges are existential.","og_url":"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-09-19T04:30:26+00:00","article_modified_time":"2024-09-18T14:16:16+00:00","og_image":[{"width":1920,"height":1277,"url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/09\/ethereum_3fdd87.jpg?fit=1920%2C1277","type":"image\/jpeg"}],"author":"Ash Tiwari","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ash Tiwari","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/#article","isPartOf":{"@id":"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/"},"author":{"name":"Ash Tiwari","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/66ba14b4f737ebbc85ec7d893b1f9f41"},"headline":"Bitwise CIO Calls Ethereum The ‘Microsoft Of Blockchains’, Can ETH Make A Comeback?","datePublished":"2024-09-19T04:30:26+00:00","dateModified":"2024-09-18T14:16:16+00:00","mainEntityOfPage":{"@id":"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/"},"wordCount":562,"publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"image":{"@id":"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/09\/ethereum_3fdd87.jpg?fit=1920%2C1277","keywords":["altcoin","bitwise","blockchain","cryptocurrency","Ether","ethereum","ETHUSDT"],"articleSection":["Ethereum News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/shenyangcang.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/","url":"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/","name":"Bitwise CIO Calls Ethereum The 'Microsoft Of Blockchains', Can ETH Make A Comeback?","isPartOf":{"@id":"https:\/\/shenyangcang.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/#primaryimage"},"image":{"@id":"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/09\/ethereum_3fdd87.jpg?fit=1920%2C1277","datePublished":"2024-09-19T04:30:26+00:00","dateModified":"2024-09-18T14:16:16+00:00","description":"Bitwise CIO dubbed Ethereum the \u2018Microsoft of blockchains\u2019, adding that none of the smart contract platform\u2019s challenges are existential.","breadcrumb":{"@id":"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/#primaryimage","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/09\/ethereum_3fdd87.jpg?fit=1920%2C1277","contentUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/09\/ethereum_3fdd87.jpg?fit=1920%2C1277","width":1920,"height":1277,"caption":"ethereum"},{"@type":"BreadcrumbList","@id":"https:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/shenyangcang.com\/"},{"@type":"ListItem","position":2,"name":"Bitwise CIO Calls Ethereum The ‘Microsoft Of Blockchains’, Can ETH Make A Comeback?"}]},{"@type":"WebSite","@id":"https:\/\/shenyangcang.com\/#website","url":"https:\/\/shenyangcang.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/shenyangcang.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/shenyangcang.com\/#organization","name":"NewsBTC","url":"https:\/\/shenyangcang.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/66ba14b4f737ebbc85ec7d893b1f9f41","name":"Ash Tiwari","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/477dc73c26a35c18ca40f21a879a99b3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/477dc73c26a35c18ca40f21a879a99b3?s=96&d=mm&r=g","caption":"Ash Tiwari"},"description":"Ash is a dedicated crypto researcher and blockchain enthusiast with a passion for diving deep into the evolving world of decentralized technologies. With a background in writing and a natural curiosity for how digital assets are shaping the future, he has immersed himself in various sectors of the cryptocurrency space, including decentralized finance (DeFi), NFTs, and liquidity mining. His journey into crypto started with a desire to fully understand the technology behind it, leading him to explore and engage with these systems firsthand. Ash\u2019s approach to DeFi goes beyond surface-level research as he actively participates in decentralized protocols, testing their functionality to gain a deeper understanding of how they operate. From experimenting with staking mechanisms to exploring liquidity mining strategies, he is hands-on in his exploration, which allows him to provide practical, real-world insights that go far beyond theoretical knowledge. This immersive experience has helped him develop a comprehensive grasp of smart contracts, token governance, and the broader implications of decentralized platforms on the future of finance. In the NFT space, Ash\u2019s interest is driven by the technology\u2019s potential to reshape ownership and creativity in the digital age. He has explored various NFT projects, gaining insights into how these digital assets function within different ecosystems. His focus is on understanding the evolving relationship between creators and communities, as well as the innovative uses of blockchain technology to establish authenticity and provenance in the digital world. Ash\u2019s research in this area often touches on the intersection of culture, technology, and community-driven projects. A key area of his expertise lies in liquidity mining, where he has engaged with various decentralized platforms to understand how liquidity provision contributes to the functionality and security of DeFi ecosystems. Ash\u2019s hands-on involvement has allowed him to analyze the risks, rewards, and broader implications of liquidity pools, giving him a well-rounded perspective on this integral part of DeFi. His understanding of risk management and protocol design allows him to provide insights into how these systems can be navigated effectively, with an emphasis on both opportunity and caution. When it comes to communicating these complex topics, Ash\u2019s writing is grounded in clarity and depth. He excels at breaking down intricate blockchain concepts into easily digestible information for a wide audience. Whether explaining the workings of decentralized exchanges or outlining the future potential of blockchain technology, Ash ensures that his content is accessible to both those new to the space and experienced participants looking for deeper insights. Beyond DeFi and NFTs, Ash explores a wide array of emerging blockchain applications. His research spans areas like cross-chain technologies, decentralized governance, and blockchain\u2019s potential to integrate with traditional finance. He is continuously learning and adapting to the latest developments, ensuring that his insights are both timely and relevant. His interest extends to how these technologies are creating new possibilities for decentralization, transparency, and trust in a variety of industries. Ash\u2019s commitment to engaging with the crypto space firsthand gives him a unique perspective that goes beyond what can be learned from research alone. His practical involvement allows him to stay ahead of the curve, offering readers and enthusiasts a clear and comprehensive understanding of the rapidly evolving world of blockchain. Whether delving into the technical mechanics of DeFi or exploring the cultural impact of NFTs, Ash\u2019s approach is always rooted in curiosity, research, and a desire to make this technology accessible to all.","url":"https:\/\/shenyangcang.com\/author\/aisshwaryatiwari\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitwise CIO Calls Ethereum The ‘Microsoft Of Blockchains’, Can ETH Make A Comeback?","url":"http:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/ethereum-news\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/09\/ethereum_3fdd87.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/09\/ethereum_3fdd87.jpg?fit=1920%2C1277"},"articleSection":"Ethereum News","author":[{"@type":"Person","name":"Ash Tiwari"}],"creator":["Ash Tiwari"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","bitwise","blockchain","cryptocurrency","ether","ethereum","ethusdt"],"dateCreated":"2024-09-19T04:30:26Z","datePublished":"2024-09-19T04:30:26Z","dateModified":"2024-09-19T04:30:26Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitwise CIO Calls Ethereum The ‘Microsoft Of Blockchains’, Can ETH Make A Comeback?\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/ethereum-news\\\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/ethereum-news\\\/bitwise-cio-calls-ethereum-the-microsoft-of-blockchains-can-eth-make-a-comeback\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/ethereum_3fdd87.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/ethereum_3fdd87.jpg?fit=1920%2C1277\"},\"articleSection\":\"Ethereum News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ash Tiwari\"}],\"creator\":[\"Ash Tiwari\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"bitwise\",\"blockchain\",\"cryptocurrency\",\"ether\",\"ethereum\",\"ethusdt\"],\"dateCreated\":\"2024-09-19T04:30:26Z\",\"datePublished\":\"2024-09-19T04:30:26Z\",\"dateModified\":\"2024-09-19T04:30:26Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/09\/ethereum_3fdd87.jpg?fit=1920%2C1277","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/642827"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/619"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=642827"}],"version-history":[{"count":4,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/642827\/revisions"}],"predecessor-version":[{"id":642880,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/642827\/revisions\/642880"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/642830"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=642827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=642827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=642827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}