Ethereum Has A Key Strength That XRP, Solana Don't Have, Expert Says

Ethereum‘s ETH/USD underperformance compared to other big cryptocurrencies has caused a stir in the crypto community, but its leadership maintains that its culture is the key to long-term success.

What Happened: According to Devansh Mehta, public goods and governance lead at the Ethereum Foundation, Ethereum’s strong, community-driven culture focused on openness, transparency and challenging authority is Ethereum’s core strength.

In an interview with Benzinga, Mehta said this unique culture attracts top-tier talent and fosters innovation, giving Ethereum a significant advantage over competitors.

Mehta emphasized that Ethereum’s strength lies not just in its technology, but in the collective values of its contributors.

“Ethereum wins because of its community,” Mehta stated, highlighting the presence of “top notch teams all working in the same ecosystem, sharing similar values of openness, transparency and rebelliousness against authority.”

He contrasted Ethereum’s culture with that of other blockchain projects, stating, “Solana SOL/USD doesn’t have that – a lot of their code and wallets cant be verified by anyone. XRP XRP/USD isn’t so much for the rebels – its value prop is working with governments.”

Mehta believes that the “mavericks and the rebels” are the driving force behind shareholder value creation in the 21st century.

Mehta urged Ethereum investors to focus on the quality and values of the individuals within the Ethereum ecosystem, rather than solely focusing on price fluctuations.

“My message to ETH investors would be to look past the immediate price and instead search for intangibles like: what is the quality of people in the EVM ecosystem? Are the people working in the Ethereum universe people that i would bet on? How supportive is Ethereum of its best builders?”

Also Read: Dave Portnoy Holds Millions In Bitcoin And XRP, But Here’s Why He Concluded His Heart Is ‘Too Big For This Space’

Why It Matters: Mehta has been recently appointed to the top post amid recent events have cast a shadow on this Ethereum’s narrative.

Leadership struggles and investor concerns regarding Ethereum’s long-term viability have prompted Ethereum creator Vitalik Buterin to assert his control over the Foundation’s future direction.

Buterin took to social media to emphasize that he will personally oversee any upcoming leadership changes, while ensuring that his decisions are not influenced by outside pressure.

The increased pressure from investors stems from growing unease about the perceived inaction of the Ethereum Foundation amid declining market legitimacy.

This internal discord has even led to the departure of veteran developer Eric Conner, who expressed frustration with the leadership’s disconnect from the community’s needs and values.

Conner stated his hope that leadership might eventually realign with the community, but felt compelled to step away for now.

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