Ethereum’s hidden ‘death spiral’ mechanic could freeze $800 billion in assets regardless of their safety rating
An Ethereum value collapse could break the blockchain’s capacity to settle transactions and freeze over $800 billion in assets, a Bank of Italy analysis paper warns. The paper, authored by Claudia Biancotti of the central financial institution’s Directorate General for Information Technology, outlined a contagion situation the place ETH’s value collapse degrades the blockchain’s safety…
