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PANews丨APP全面升级|11月 11, 2025 06:05
Author of *The Business Blockchain* William Mougayar: Ethereum is not a blockchain! William Mougayar, the author of *The Business Blockchain*, recently released a video where he argued that Ethereum is not a blockchain. He redefined Ethereum in his view: calling Ethereum a blockchain actually overlooks its true essence. Ethereum is the coordination layer of the digital world, an organic consensus network that not only synchronizes trust but also empowers creativity, sovereignty, and logic. In Mougayar's perspective, while Ethereum utilizes blockchain technology, its core is a programmable coordination layer—a native protocol for value, identity, and collaboration in the digital world. Unlike traditional databases that are cold and static, Ethereum is more like a living, open ecosystem, continuously evolving through the collective efforts of developers, validators, and users. Mougayar pointed out that if the internet is the "network of information," then Ethereum is the "network of ownership and consensus"—where value, identity, and coordination become as native to the digital world as information. Additionally, he emphasized that Ethereum's true competitors are not Solana or the BNB Chain, as those are closed, centralized, and incapable of evolution. Ethereum, on the other hand, is a self-sustaining, open consensus, and continuously evolving civilization-level protocol. If the internet allows us to share information, Ethereum allows us to share ownership. Mougayar believes that Ethereum is not just a technological marvel but a fundamental reconstruction of human collaboration.
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