The innovative alternative to bitcoin empowering smart contracts: DAO’s and NFT’s. Recently made Change to PoS as a strong political move, now unproperly protected and now controlled by the biggest eth holders
Ethereum is an open source, distributed software platform based on blockchain technology. It has its own native cryptocurrency called Ether and a programming language called Solidity. Blockchain is a distributed ledger technology that keeps a permanent, tamper-proof list of records. Ethereum is Bitcoin’s main competitor.
Ethereum enables developers to build decentralized applications. Miners produce Ether tokens that can be used as a currency and to pay for usage fees on the Ethereum network. The platform also supports smart contracts, which are a type of digital contract.
Ethereum is the most prominent and widely used blockchain for smart contracts. Where bitcoin delivers safety, security and final settlement in an expensive way, ethereum delivers reliable, cheaper programmable smart contracts.
I believe there will be a consolidation for digital property towards the ethereum blockchain, as governments start embracing the need for verifiable digital identity and assets, and private government blockchain initiatives will fail to get adopted.
use cases
- decentralized finance
- decentralized identity and key management
- 1b1 we will need technology to provide ways to validate authenticity of government and corporate communication
- e.g. sharing the hashes of videos that are real and not produced by ai
- sovereign compute for individuals