以太坊（ETH）面臨47％的下降47％，對比特幣（BTC）和新興山寨幣失去了地面

以太坊（ETH）曾經被譽為比特幣（BTC）的最終挑戰者，他發現自己在陷入困境的水域中。

Ethereum (ETH), once heralded as the ultimate challenger to Bitcoin (BTC), has found itself in troubled waters. The second-largest cryptocurrency by market capitalization has seen a steep 47% decline over the past year, leaving investors and developers deeply concerned about its future.

以太坊（ETH）曾經被宣佈為比特幣（BTC）的最終挑戰者（BTC），他發現自己在陷入困境的水域中。在過去一年中，按市值計算的第二大加密貨幣下降了47％，這使投資者和開發商對其未來非常關注。

The Decoding Ethereum report by Bloomberg sheds light on the critical juncture faced by Ethereum. After a decade of innovation and growth, the blockchain is now experiencing one of the most difficult periods in its history. As the network struggles with high gas fees, slow transaction speeds, and a lack of significant upgrades, investors and developers are beginning to look elsewhere.

彭博社的解碼以太坊報告闡明了以太坊面臨的關鍵關頭。經過十年的創新和增長，區塊鏈現在正在經歷其歷史上最困難的時期之一。由於網絡以高汽油費，慢速交易速度以及缺乏重大升級而掙​​扎，投資者和開發人員開始看其他地方。

Ethereum’s Key Challenges: A Closer Look

以太坊的主要挑戰：仔細觀察

Several factors have contributed to Ethereum’s decline and may continue to impact its performance in the coming year.

幾個因素導致以太坊的下降，並可能在來年繼續影響其表現。

1. Rising Gas Fees: A Major Hurdle

1。汽油費的上升：一個重大障礙

One of Ethereum’s biggest issues has always been its high gas fees. Transaction costs on the Ethereum network have skyrocketed, making it expensive to execute smart contracts and conduct simple transactions. While Ethereum 2.0 was expected to address these concerns with its increased throughput and lower energy consumption, delays and technical issues have hindered its effectiveness.

以太坊最大的問題之一一直是其高汽油費。以太坊網絡上的交易成本激增，使執行智能合約並進行簡單交易變得昂貴。儘管Ethereum 2.0有望通過增加的吞吐量和減少能源消耗來解決這些問題，但延誤和技術問題卻阻礙了其有效性。

2. Scalability Issues: A Persistent Problem

2。可伸縮性問題：一個持續的問題

Ethereum’s network congestion is a well-known problem, leading to slow transaction processing times. While Layer 2 solutions like Optimistic Rollups and zk-Rollups have provided temporary relief, they are not a perfect solution. Competing blockchains such as Solana (SOL), Avalanche (AVAX), and Cardano (ADA) offer superior scalability, attracting both developers and users with their ability to handle a high volume of transactions quickly and efficiently.

以太坊的網絡擁塞是一個眾所周知的問題，導致交易處理時間緩慢。雖然第2層解決方案（例如樂觀的匯總和ZK滾動）提供了暫時的緩解，但它們並不是完美的解決方案。諸如Solana（Sol），Avalanche（Avax）和Cardano（ADA）之類的競爭區塊鏈提供了出色的可擴展性，從而吸引了開發人員和用戶，具有快速有效地處理大量交易的能力。

3. Declining Developer Interest: A Worrying Trend

3。開發人員的興趣下降：令人擔憂的趨勢

Ethereum’s developer community was once its strongest asset, with a vast ecosystem of open-source projects and a passionate group of contributors. However, recent reports indicate that developers are migrating to more developer-friendly platforms.

以太坊的開發人員社區曾經是其最強大的資產，擁有大量開源項目的生態系統和熱情的貢獻者。但是，最近的報告表明，開發人員正在遷移到更友好的開發人員平台。

Blockchain networks with lower fees, faster transaction times, and improved scalability are drawing talent away from Ethereum, presenting a challenge for the long-term sustainability of its ecosystem.

費用較低的區塊鍊網絡，更快的交易時間和提高的可擴展性正在吸引人才遠離以太坊，這對其生態系統的長期可持續性提出了挑戰。

4. Increased Competition from Altcoins

4。增加山寨幣的競爭

Ethereum was once the undisputed leader in the smart contract space, but newer projects are now offering compelling alternatives. Blockchains such as BNB Chain, Polygon, and Solana provide similar functionalities for creating and deploying decentralized applications with lower costs and improved performance.

以太坊曾經是智能合同空間中無可爭議的領導者，但較新的項目現在提供引人注目的替代方案。 BNB鏈，多邊形和Solana等區塊鏈提供了類似的功能，用於創建和部署具有較低成本和提高性能的分散應用程序。

How Bitcoin Remains Ahead

比特幣如何保持領先

In contrast to Ethereum, Bitcoin has remained relatively stable despite market fluctuations, and its price has been largely unaffected by macroeconomic concerns.

與以太坊相反，儘管市場波動，比特幣仍然相對穩定，而且其價格在很大程度上不受宏觀經濟問題的影響。

As the first cryptocurrency, Bitcoin has established itself as a store of value and a hedge against inflation, while Ethereum struggles with its technological limitations.

作為第一個加密貨幣，比特幣已將自己確立為價值和對沖通貨膨脹的儲存，而以太坊的技術局限性則掙扎。

Bitcoin’s dominance in the crypto market has only strengthened, with its market cap towering over Ethereum’s by a significant margin. Many analysts believe that Ethereum’s decline could further solidify Bitcoin’s position as the undisputed leader in the crypto space.

比特幣在加密貨幣市場中的主導地位僅加強了，其市值高於以太坊的高度。許多分析人士認為，以太坊的下降可以進一步鞏固比特幣在加密貨幣領域無可爭議的領導者的地位。

The Impact on Ethereum’s Community

對以太坊社區的影響

Ethereum’s troubles have not gone unnoticed, with early investors and community members expressing their frustration. Those who believed in the blockchain’s long-term potential are now questioning whether Ethereum can still fulfill its original vision or if it will be overtaken by more advanced blockchain networks.

以太坊的麻煩並沒有引起人們的注意，早期的投資者和社區成員表達了挫敗感。那些相信區塊鍊長期潛力的人現在在質疑以太坊是否仍然可以實現其原始願景，或者是否會被更高級的區塊鍊網絡所取代。

Social media platforms are flooded with discussions about Ethereum’s decline, with some users calling for major reforms and a return to the core values that made Ethereum so popular in the early days.

社交媒體平台充斥著有關以太坊衰落的討論，一些用戶要求進行重大改革，並重返核心價值，使以太坊在早期如此受歡迎。

Developers who once contributed to Ethereum’s open-source projects are also shifting their focus, dedicating their time and skills to emerging ecosystems that offer better incentives and technological opportunities.

曾經為以太坊開源項目做出貢獻的開發人員也在轉移他們的注意力，將時間和技能投入到新興的生態系統上，這些生態系統提供了更好的激勵措施和技術機會。

Ethereum’s Response: Can It Rebound?

以太坊的回應：可以反彈嗎？

Despite its struggles, the Ethereum core team remains optimistic about the blockchain’s future. Ethereum 2.0, which aims to transition the network from Proof of Work (PoW) to Proof of Stake (PoS), is still expected to bring improvements in scalability, energy efficiency, and security.

儘管有掙扎，但以太坊核心團隊仍然對區塊鏈的未來保持樂觀。以太坊2.0旨在將網絡從工作證明（POW）轉變為股份證明（POS），仍然期望提高可擴展性，能源效率和安全性。

The upgrade will also introduce new features such as liquid staking and a modular architecture that will allow for the development of specialized chains for specific use cases.

升級還將引入新功能，例如液體堆積和模塊化體系結構，該功能將允許為特定用例開發專用鏈。

However, the question remains: will these upgrades arrive in time to prevent Ethereum from losing further ground?

但是，問題仍然存在：這些升級是否會及時到達以防止以太坊失去進一步的立場？

To regain its dominance, Ethereum must:

為了重新獲得其主導地位，以太坊必須：

* Reduce gas fees to make transactions more affordable for users.

*減少汽油費，以使交易對用戶更負擔得起。

* Increase throughput to handle a larger volume of transactions without slowing down the network.

*增加吞吐量以處理大量的交易，而不會減慢網絡。

* Attract and retain developers by offering a competitive and supportive ecosystem.

*通過提供競爭性和支持性生態系統來吸引和保留開發人員。

* Continue to innovate and introduce new features to stay ahead of the competition.

*繼續創新並引入新功能，以保持比賽領先。

Only time will tell whether Ethereum can overcome its challenges and fulfill its promise as a transformative technology. Nonetheless, the coming year will be crucial for the future of Ethereum as it faces an existential threat from Bitcoin and emerging altcoins.

只有時間才能說明以太坊是否可以克服其挑戰並實現其作為一種變革性技術的諾言。但是，來年對以太坊的未來至關重要，因為它面臨比特幣和新興山寨幣的存在威脅。

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The post Troubled Waters: Ethereum Faces Dire Straits as Bitcoin’s Dominance Strengthens appeared first on iGamers+.

郵政陷入困境的水域：以太坊面臨著可怕的海峽，因為比特幣的主導地位得到了增強，這首先出現在igamers+上。