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>"What's Ethereum's killer app?" we asked ourselves not long ago. Now we know. It's the world's best publicly-accessible settlement platform for financial trans
by milchek 6y ago
>"What's Ethereum's killer app?" we asked ourselves not long ago. Now we know. It's the world's best publicly-accessible settlement platform for financial transactions.
Hit the nail on the head - for now.
Yes, DeFi is what kicked things off last year and people can now trade their favourite altcoins, borrow crypto, and even leverage trade on decentralized exchanges. It's also true that what everyone is trading are mostly other coins and other projects that they're speculating on - and those projects are just newer forms of the same projects that exist now.
We've seen countless projects pop up that are all copies or trying to do similar things; increase throughput, connect blockchains, provide oracles, implement faster and cheaper smart contracts, etc.
So, it's easy to look at all this cynically, but I like to hope that eventually this will end up somewhere good - I mean, there is financial incentive, there is the 'new toy' angle, and there are countless talented people who are genuinely curious and trying to improve the various crypto ecosystems.
I guess we'll see where this all ends up in 5-10 years.