A total of 94 out of the top 100 crypto projects are built on $ETH, with more than:
-3,000 dApps
-200K ERC20s
These protocols often have many further use cases involving $ETH, creating the fundamentals for the Web 3.0 economy
& they are decentralized & open to anyone
5. Developers
One thing that has shocked many is the attention $ETH has gotten from devs
It is sucking in the worlds talent at a pace we can’t begin to comprehend
Since Q3 2019, $ETH has gained more than 300 developers every month, growing at a pace faster than even $BTC
6. Insurance
Off-chain oracles & ETH offer an elegant solution to the trillion dollar insurance industry
Smart contracts can automate claims, offering farmers coverage across the world
This process is fair & efficient, as many don’t even have the option to get insurance today
7. Interoperability
This is one of the subjects I feel many people underestimate the implications of
$ETH will unlock potentially hundreds of billions in liquidity from POS blockchains through interchain accounts & interoperable liquid staking derivatives
8. NFTs
NFTs on $ETH have picked up a lot of steam, attracting attention from both GameStop & Twitter
They are unique tokens which can be used by creators to tokenize a wide range of content (not just art)
If one thing is for sure, it’s the fact that NFTs are here to stay
This will be propelled by virtual reality technology pioneered by the largest companies in the world
We’re talking about matters of augmented reality, virtual ad space, tokenized in-app purchases, & much more...
10. Digital Land
Digital land, unlimited by physical space like land today, can be tokenized and used to build entire economies that are owned by the players
If virtual reality becomes more commonplace, virtual land could eventually evolve to a trillion dollar marketplace
11. DAOs
DAOs are entities made up of any number of individuals who maintain the group’s decisions in a distributed manner
Individuals can use tokens to vote and propose ideas they want for the protocol
These have come to be some of the largest bootstrapped communities we know
12. Synthetics
Synthetic tokens offer a wide range of pretty much any stream of value you can think of. Blockchain oracles relay price feeds to synthetic token protocols.
This allows for people to trade stocks on the stock market, data feeds, precious metals, and much more!
13. Lending & Borrowing
On $ETH, lending protocols are quite literally already putting up some significant numbers against banks
There are hundreds of thousands of borrowers who have utilized these systems to get a loan without any need for a bank, often even at a better deal
14. Triple Halving
This concept describes how $ETH will undergo a supply shock equivalent to 3 #Bitcoin halving events in the next 12 months alone with the transition to POS
EIP-1559 will also play a large role in the net future decrease of $ETH sell pressure
$ETH will transition from the proof of work consensus model to proof of stake
Users can then earn interest on their $ETH by staking it, becoming a node in the network
This is the fastest growing protocol about to offer a significant dividend to investors...
17. Layer Two
There are a lot of projects working on layer two scaling solutions at an effort to bring $ETH to the next level of scaling
They focus on highly complex topics such as optimism rollups & zkproofs
Layer two solutions may have the ability to bring $ETH to 2,000 TPS
18. Platform Agnostic
One of the unique features of NFTs & more on $ETH is that they work in a platform agnostic manner
Tools can be easily integrated across a wide range of applications with easy sign in options
This will be the foundation for the transition to Web 3.0
19. Creator Economy
Tokenizing intellectual property and content, especially in the open source world, can be a way to monetize and show support for various people
It gives a new level of power to creators, and may push the open source industry to an entire creator economy.
20. Universal Market Access
Having universal access to any market is a concept not many seem to believe is possible today
It opens up a world for individuals across the globe who can no longer be censored or are unable to get financial services today, on the $ETH blockchain
21. Adoption
Contrary to the last run of crypto in 2017, we didn’t have the real world use that blockchain is now seeing today.
IOT, DID, and DLT’s will be massive.
VISA, PayPal, & Amazon are just a few high value examples of some top companies taking an interest in $ETH tech
22. Gaming
Whether it be currency or collectibles, $ETH & gaming go hand in hand
$GME is integrating NFTs on a massive scale & diving into esports as well
Can you imagine connecting to your favorite game with your wallet & automatically having items you’ve purchased via NFTs?
23. ETH 2.0
This upgrade introduces sharding, proof of stake, & other enhancements to the security of the network
If successful, it will add a new level of sustainability and scalability for $ETH
Furthermore, security of the network will be significantly greater for wider use
24. Supercomputer
$ETH is the world supercomputer. Vitalik took ideas from $BTC and added a programmable base layer for devs to build on top of
This continues to add a whole new level of functionality to blockchain as we know it today...
We haven’t even scratched the surface.
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@elonmusk has had a big impact on crypto recently, & because some of his actions have been a bit unconventional, I was inspired to dig in a little deeper to find out what exactly his “end game” is
& what I’ve found does not disappoint.
I’ll compile all of the info below 👇🏻🥐
This story begins a short time ago after Elon made the now-infamous tweet that Tesla will accept $BTC
$BTC rallied from this news, only for the hype to be cut short by complete reversal in policy from Tesla
Tesla will NOT accept $BTC for payments, citing environmental concerns
This action led many to wonder why, just a mere few weeks after his company invested over $1B into $BTC, would he blatantly speak negatively about it?
Surely he has a reason to do so, right?
Well after taking a look at some hints left in his tweets, that appears to be the case