The global economy is digitizing. Every institution, corporation, and country runs on fragmented, bespoke infrastructure. What the internet did for information, Ethereum is doing for value: A shared, open standard for programmable money.

🧵

https://twitter.com/Consensys/status/1929544997646336097

Ethereum is the global settlement layer and has 24/7/365, flawlessly, every 12 seconds, for nearly a decade. It settled over $25T last year. ETH is home to the largest share of stablecoins, RWAs, and tokenized assets. It is also a a productive asset with native yield, restaking, and DeFi built in.

We’re on the verge of a paradigm shift that will be heard around the world.

Consensys is on a mission to catalyze a Network State within the emerging decentralized Web3 and AI global economy. 

During my talk earlier at DevCon, I shared how we’re moving towards rigorous decentralization and empowering sovereign individuals:

1/13 For years, companies in our industry have been living in fear, unable to engage in activities that should be natural for a Web3 company. We’ve been operating in a climate of regulatory uncertainty, with gaslighting and carpet bombing from the SEC stifling our progress.

2/13

Today we need to make the extremely difficult decision to streamline some of ConsenSys’ teams to adjust to challenging and uncertain market conditions.

consensys.net/blog/news/cons…

1/10 While I’ve often said that the fear and greed cycles are shortening in duration, our current bear market also coincides with a very challenging macroeconomic environment driven by surging inflation, lagging economic activity, and increased geopolitical unrest.

2/10

I’m seeing a lot of misunderstandings around our updated privacy policy that need to be clarified.

1/21 MetaMask wallet is a software product developed by ConsenSys. ConsenSys does not operate MetaMask.

*You*, the user, operate MetaMask on your device.

2/21

It always was and always will be about decentralization. Beware of centralizing wolves in sheep's clothing.

🧵1/15 People need to trust one another in order to do basic things together. But trust breaks down when there is misunderstanding, information asymmetry, or an imbalance of power.

2/15

The launch of the #Eth2 Beacon Chain is characteristic of the emergent, open-source ethos that attracts so many to Ethereum in the first place. More than 27,000 validators from around the globe are now participating in the new #Eth2 consensus model. Proof of Stake is a monumental upgrade of the crypto-economic incentives that already make Ethereum an automated, objective foundation for trust. We are collectively deepening the commitment to building a maximally decentralized network.

I am calling the cryptobottom of 2018. This bottom is marked by an epic amount of fear, uncertainty, and doubt from our friends in the 4th and crypto-5th estates. What I've witnessed among the chattering class the past few weeks in response to @ConsenSys 2.0 is a rather typical tune: the alarmed, the eulogistic, and the gleeful.

#Blockchain is more than a market. It’s a movement. Market cap doesn't reflect activity. Decentralized networks are growing.

-10B+ daily API requests served by @infura_io
-1M+ @trufflesuite downloads
-1M+ @metamask_io downloads
-12K+ live @Ethereum nodes
-48M+ unique #Ethereum addresses
-3x @LinkedIn #blockchain job openings