ETH Foundation AMA: The accumulation of value of ETH is crucial to the success of Ethereum, and the ultimate goal of the network will be to achieve 10 million transactions per second.

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BlockBeats news, on September 5th, Justin Drake, the core researcher of the Ethereum Foundation, responded to the question “Where is the value of ETH reflected now? Has the rollup ecosystem ‘overtaken’ ETH and made it lose its value?” during the 12th AMA of the Ethereum Foundation, stating: “ETH is money. The accumulation of ETH’s value is crucial to the success of Ethereum. I believe that if ETH cannot become the programmability currency of the Internet, Ethereum cannot become the settlement layer of the value Internet. The accumulation of ETH’s value boils down to traffic and monetary premium. The important indicator is the total cost, not the cost per transaction. The ultimate goal of Ethereum’s success is 10M tx/s, even if the cost of each transaction is less than 1 cent, it can still provide billions of dollars in daily revenue.”

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