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Bitcoin Vs. Ethereum As Settlement Networks
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The below is from the latest monthly report by the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

We need to move NFTs onto the Layer 2 ecosystem to cut fees. However, doing that *right* requires good cross-rollup portability standards, so the ecosystem can avoid getting locked into one particular L2.” – Vitalik Buterin, Creator of Ethereum

Many people are familiar with the recent none-fungible token (NFT) craze that has occurred over recent months, with digital images of rocks and pixelated characters selling for millions of dollars. Bubble, fad, or the start of something much bigger? That, we cannot know, and we aren’t going to discuss the validity of NFTs as an investment (read: speculation) in today’s Daily Dive, but rather we are going to dive into the comparison of Bitcoin versus Ethereum as monetary settlement networks, as Ethereum proponents have attempted to frame ETH as “ultrasound money” increasingly over the course of 2021.