THREAD // Why I am Growing Bullish on Ethereum
#Ethereum is a general-purpose blockchain.
A blockchain is a decentralized network of computers that collectively maintain a ledger and prevents tampering outside the rules.
Via @VitalikButerin @naval @tferriss & @podcastnotes
#Ethereum is a general-purpose blockchain.
A blockchain is a decentralized network of computers that collectively maintain a ledger and prevents tampering outside the rules.
Via @VitalikButerin @naval @tferriss & @podcastnotes
2 //
Ethereum’s defining feature is unstoppable applications that run & doesn’t trust or rely on any single entity to operate.
No one, including the creator, can stop an application running on Ethereum.
Smart contracts are at the core of the ETH blockchain.
Ethereum’s defining feature is unstoppable applications that run & doesn’t trust or rely on any single entity to operate.
No one, including the creator, can stop an application running on Ethereum.
Smart contracts are at the core of the ETH blockchain.
3 //
Ethereum applications allow composability. That is, they can be built on top of each other like Lego blocks.
Applications include decentralized domain name system, autonomous organizations, prediction, and financial markets, and non-fungible tokens.
Ethereum applications allow composability. That is, they can be built on top of each other like Lego blocks.
Applications include decentralized domain name system, autonomous organizations, prediction, and financial markets, and non-fungible tokens.
4 //
Layer 1 scaling for Ethereum will include transition to Proof of Stake and Sharding, whereas layer 2 will introduce Roll-ups.
Combined, Ethereum will support north of 100K transactions/ second.
Unlike #Bitcoin, the Ethereum ecosystem hosts numerous other tokens.
Layer 1 scaling for Ethereum will include transition to Proof of Stake and Sharding, whereas layer 2 will introduce Roll-ups.
Combined, Ethereum will support north of 100K transactions/ second.
Unlike #Bitcoin, the Ethereum ecosystem hosts numerous other tokens.
5 //
New tokens & airdrops create new opportunities & help reduce wealth disparity.
Examples of Ethereum Applications:
Smart contracts are at the core of ETH blockchain. Ethereum applications allow composability. That is, they can be built on top of each other like Lego blocks
New tokens & airdrops create new opportunities & help reduce wealth disparity.
Examples of Ethereum Applications:
Smart contracts are at the core of ETH blockchain. Ethereum applications allow composability. That is, they can be built on top of each other like Lego blocks
6 //
$ETH, the currency, is the first application of Ethereum.
Ethereum Name System (ENS) is a decentralized domain name system (DNS). Moreover, ENS allows for censorship resistant, decentralized messaging platforms, such as Status.
$ETH, the currency, is the first application of Ethereum.
Ethereum Name System (ENS) is a decentralized domain name system (DNS). Moreover, ENS allows for censorship resistant, decentralized messaging platforms, such as Status.
7 //
Decentralized Autonomous Organizations (DAOs) have their rules encoded in smart contracts, with programs executing them to control the organization’s assets.
Maker DAO is one example, it maintains the DAI coin with stable dollar parity.
Decentralized Autonomous Organizations (DAOs) have their rules encoded in smart contracts, with programs executing them to control the organization’s assets.
Maker DAO is one example, it maintains the DAI coin with stable dollar parity.
8 //
Decentralized Finance (DeFi) enables applications like prediction, trading, and financial markets to run on smart contracts, with no middle men (e.g. lawyers and bankers).
Thanks to Ethereum composability, DeFi products are advanced and can interconnect and collaborate.
Decentralized Finance (DeFi) enables applications like prediction, trading, and financial markets to run on smart contracts, with no middle men (e.g. lawyers and bankers).
Thanks to Ethereum composability, DeFi products are advanced and can interconnect and collaborate.
9 //
As opposed to traditional finance, where, for instance, Robinhood trading and Wisdom Tree mutual funds can't combine with each other.
Non-Fungible Tokens (NFTs) represent something that is not a financial asset (e.g. video game asset, digital art, etc.).
As opposed to traditional finance, where, for instance, Robinhood trading and Wisdom Tree mutual funds can't combine with each other.
Non-Fungible Tokens (NFTs) represent something that is not a financial asset (e.g. video game asset, digital art, etc.).
10 //
They can also be re-used across different games, worlds, etc.
“You own it in one place & you own it everywhere, which is a very powerful concept”
“Digital scarcity was born with Bitcoin but now extending into things that are not fungible, not exchangeable w/ each other”
They can also be re-used across different games, worlds, etc.
“You own it in one place & you own it everywhere, which is a very powerful concept”
“Digital scarcity was born with Bitcoin but now extending into things that are not fungible, not exchangeable w/ each other”
11 //
For more, visit the @podcastnotes at
podcastnotes.org/tim-ferris-sho…
Intellectual Property on Ethereum
Scaling Ethereum
Layer 2 Scaling
PoS vs PoW
Thoughts on the Crypto Ecosystem
For more, visit the @podcastnotes at
podcastnotes.org/tim-ferris-sho…
Intellectual Property on Ethereum
Scaling Ethereum
Layer 2 Scaling
PoS vs PoW
Thoughts on the Crypto Ecosystem
12 //
Or listen to the excellent podcast via:
tim.blog/2021/03/08/vit…
“If #Bitcoin is a shared ledger then #Ethereum is a shared computer for the entire world to run its most important applications” – Naval Ravikant
Or listen to the excellent podcast via:
tim.blog/2021/03/08/vit…
“If #Bitcoin is a shared ledger then #Ethereum is a shared computer for the entire world to run its most important applications” – Naval Ravikant
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