Consensys to SEC: Ethereum's Design Bolsters Security Blockchain giant Consensys has made a bold plea to the SEC, urging them to acknowledge the
advanced safeguards woven into Ethereum's very fabric. In a comment letter addressing an Ethereum ETF, Consensys asserts that Ethereum's
PoS implementation goes above and beyond Bitcoin's PoW in terms of security.
The SEC's recent call for public input on Nasdaq's proposed Ishares Ethereum Trust trading has put the spotlight on concerns about fraud and manipulation surrounding ether. But Consensys' letter, dated March 29, aims to shift the focus to five key areas where Ethereum outshines Bitcoin.
Enhanced security and a greener footprint are just some of the perks highlighted by Consensys. They emphasize
faster block finality, along with a
distributed and randomized validation process that trumps PoW.
In a direct message to the SEC, Consensys makes its stance clear: "Recognize Ethereum's design prowess, which surpasses even the gold standard set by Bitcoin-based ETPs previously approved."
Consensys isn't just throwing words around; they're committed to fostering a fruitful dialogue with the SEC. Their comment letter is a testament to their mission of driving progress and keeping the public informed.
With its robust defenses and innovative approach, Ethereum is making its case as a force to be reckoned with in the ever-evolving world of blockchain technology.
