Ethereum's Vision Faces Challenges Amid Competition and Development

According to Odaily, a recent CoinDesk article highlights that Ethereum's original vision is at risk as the network has deviated from its initial goals, focusing more on faster execution speeds and the narrative of 'ultra-sound money.' With the ecosystem developing slowly and facing increased competition from blockchains like Solana and Bitcoin, questions arise about whether Ethereum has lost its way. To address this challenge, Covalent Network (CXT) has launched the Ethereum Time Machine (EWM) light client testnet. EWM aims to protect Ethereum's historical data, ensuring that data remains decentralized and accessible even as the network clears old data. The testnet is now live, and participants can help maintain Ethereum's decentralized nature by enhancing long-term data availability. Covalent Network (CXT), a leading modular data infrastructure layer, is dedicated to solving key challenges in the blockchain and AI sectors. By providing structured and verifiable data, Covalent helps reduce the risk of AI models being manipulated or biased. Currently, Covalent is trusted by over 3,000 organizations, offering unrestricted on-chain data access from more than 200 blockchains for AI, DeFi, GameFi, and other fields.