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by storedbox
1996 days ago
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Definitely not. Ethereum is on top of the DeFi world, for sure. But DeFi is not CeFi. As an analogy: DeFi is to smart contracts as CeFi is to “dumb” contracts. The legal entity behind Stellar has significantly more of the latter than the entity behind Ethereum--which has none, to my knowledge. ... Plus, gas fees. It's currently cheaper to wire money than to send some ETH. |
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Wrong. If all you wish for Christmas is to send some ETH, look no further than into ZK-Rollups such as zkSync & Loopring.
1) A transfer costs around $0.01 in fees.
2) ZK-Rollups are not sidechains. These are layer 2 solutions that settle on Ethereum with a novel trust model of 1-of-N: you only need to trust that a single node is honest!
3) Exchanges (such as Coinbase) would eventually support depositing/withdrawing to a rollup, which means most folks would never need to interact the expensive base layer directly.
Sending money across countries has never been cheaper, faster & as secure as it is now on an Ethereum ZK-Rollup.