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Andre Cronje: Investors and companies prefer centralization because decentralization is difficult to make a profit and complicated to operate
10-11 06:54
Odaily News Andre Cronje, CTO of Sonic Labs, wrote on X platform that investors and enterprises prefer centralization because decentralization is difficult to make money and complicated to operate. He predicts that many decentralized applications (dapps) will transform into Layer 2, but when management becomes difficult, they will be decentralized and become Layer 1. Similarly, some L1s will also transform into L2s because it is easier to manage centralized sequencers, until they need to be decentralized again to become L1s. He believes that although it contradicts traditional technical concepts, the "monolitic" solution may prevail in the end.
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SOFR traders continue to bet on a 50 basis point Fed rate cut in September
Greeks.live: Some traders are optimistic about ETH and believe the price may break through $5,000
"Whales with 75% Win Rate in Four ETH Battles" Reduce Short Positions by 20,000 ETH with Stop-Loss
In the past hour, the total network liquidation expanded by more than 45 million US dollars, of which ETH liquidation was 21.2251 million US dollars
The “Insider Whale” closed its XRP and SOL short positions half an hour ago, with a cumulative loss of $1.644 million
LTC breaks through 119 USDT, up 9.55% in 24 hours