The founder of Glue Finance argues that Ethereum, despite technological progress and surging usage, remains hindered by an unfinished protocol and reliance on centralized guidance from the Ethereum Foundation, putting pressure on ETH price. He proposes 'Streamlined Ethereum' (Manhattan Project) featuring frozen consensus layer, quantum-resistant upgrades, and native rollups to achieve full decentralization and credible neutrality, culminating in an 'Abandonment Test' to secure a perpetual premium.
The founder of Glue Finance recently stated that Ethereum (ETH) has entered a non-consensus phase, with a turning point approaching. While Ethereum's technology continues to evolve and usage surges, the protocol remains unfinished and its core unfrozen, still relying on centralized guidance from the Ethereum Foundation, which has kept ETH price under long-term pressure.
The founder argues that the only solution is 'Streamlined Ethereum' (the Manhattan Project), which involves freezing the consensus layer, implementing quantum-resistant upgrades, and adopting native rollups. These reforms aim to achieve full decentralization and credible neutrality. Ultimately, Ethereum must pass the 'Abandonment Test' to shed dependence on centralized entities and earn a perpetual premium.
This view has sparked widespread discussion within the crypto community about Ethereum's future roadmap and its degree of decentralization.
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