[Ethereum News Founder: L1 Project Pearl Could Surpass Bitcoin] According to Foresight News, Evan Van Ness, founder of Ethereum News, recently stated in an interview that he believes Pearl, an L1 project based on useful proof-of-work, has the potential to surpass Bitcoin. Van Ness explained that Pearl mines using matrix multiplication, the same computational methods used for AI model training and inference, allowing it to run in parallel with inference with almost zero additional overhead. Bitcoin suffers from premature solidification and security budget issues, while Pearl transforms what would otherwise be considered "useless" mining into useful computation, creating a flywheel effect that reduces inference costs.