He added that this does not mean the future would become a mono-chain world where everything runs on a single blockchain. Rather, he explained that his point is based on how financial institutions typically operate.
Pal pointed out that banks usually prioritize systems that prove they can survive, perform consistently, and remain sustainable over long periods. He also added that financial institutions tend to favor older technologies, since people are generally cautious of adopting new systems that could backfire and put their jobs at risk. From that perspective, he believes that Ethereum is the ideal digital network for all banks to use, as institutions mostly adopt technologies that meet those standards.
Crypto Community Reacts To Pal’s ETH Claims
