Is Ethereum Ready for RWA Tokenization? Industry Experts Share Big Take
The post Is Ethereum Ready for RWA Tokenization? Industry Experts Share Big Take appeared on BitcoinEthereumNews.com. The Ethereum blockchain’s readiness for real-world asset tokenization came into question recently as experts pointed to security risks, stablecoin concerns, and weak infrastructure. Pro-crypto lawyer John Deaton pointed to Austin Campbell’s warning on X, noting that these flaws could slow Ethereum’s role in the fast-growing tokenization market. Security Concerns Over Ethereum’s Infrastructure Ethereum’s role in the tokenization of real-world assets (RWA) was questioned after fresh concerns from industry voices. It is worth noting that on August 15, crypto lawyer John E. Deaton shared comments from Austin Campbell. Campbell is an adjunct professor at New York University (NYU) Stern and the founder of Zero Knowledge Consulting. He warned that Ethereum may not be ready for large-scale use of real-world assets (RWA). According to the post, Campbell pointed to the Bybit hack, in which $1.5 billion worth of Ethereum coins were stolen. He argued that the incident showed weaknesses in Ethereum’s validator system and the limited steps taken to address major exploits. He said this raised doubts about whether Ethereum could manage the risks tied to issuing tokenized assets at scale. In addition, Campbell warned about risks with stablecoins like USDC and USDT, which are central to Ethereum. Additionally, he said if issuers’ private keys were hacked, attackers could control the smart contracts. Such a breach, he warned, could impact the entire network since most transactions rely on stablecoins for liquidity. Despite this, Ethereum still leads the tokenization market, holding about 55% of market share. Yet Campbell stressed that the market size alone did not mean Ethereum was ready for wider adoption. He pointed to the Multichain hack, where Circle and Tether froze stolen funds, as another example of the ongoing risks. John Deaton Urges Wider Industry Debate In a separate post on X, John Deaton, known for his commentary on crypto…
The post Is Ethereum Ready for RWA Tokenization? Industry Experts Share Big Take appeared on BitcoinEthereumNews.com.
The Ethereum blockchain’s readiness for real-world asset tokenization came into question recently as experts pointed to security risks, stablecoin concerns, and weak infrastructure. Pro-crypto lawyer John Deaton pointed to Austin Campbell’s warning on X, noting that these flaws could slow Ethereum’s role in the fast-growing tokenization market. Security Concerns Over Ethereum’s Infrastructure Ethereum’s role in the tokenization of real-world assets (RWA) was questioned after fresh concerns from industry voices. It is worth noting that on August 15, crypto lawyer John E. Deaton shared comments from Austin Campbell. Campbell is an adjunct professor at New York University (NYU) Stern and the founder of Zero Knowledge Consulting. He warned that Ethereum may not be ready for large-scale use of real-world assets (RWA). According to the post, Campbell pointed to the Bybit hack, in which $1.5 billion worth of Ethereum coins were stolen. He argued that the incident showed weaknesses in Ethereum’s validator system and the limited steps taken to address major exploits. He said this raised doubts about whether Ethereum could manage the risks tied to issuing tokenized assets at scale. In addition, Campbell warned about risks with stablecoins like USDC and USDT, which are central to Ethereum. Additionally, he said if issuers’ private keys were hacked, attackers could control the smart contracts. Such a breach, he warned, could impact the entire network since most transactions rely on stablecoins for liquidity. Despite this, Ethereum still leads the tokenization market, holding about 55% of market share. Yet Campbell stressed that the market size alone did not mean Ethereum was ready for wider adoption. He pointed to the Multichain hack, where Circle and Tether froze stolen funds, as another example of the ongoing risks. John Deaton Urges Wider Industry Debate In a separate post on X, John Deaton, known for his commentary on crypto…
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