 | Hey, I saw this great thread on Twitter and wanted to share it here. If you'd like to see the original source, it's here: https://twitter.com/CroissantEth/status/1430293254684151808 --------- In fast-moving markets like this, it seems like almost every other day there is a new bullish “meta” taking over headlines for the week For this reason… I’ll attempt to lay out the top 23 innovations on $ETH that may completely change the way we use the network below! ???? 1. Interchain Accounts A handful of devs across Proof of Stake blockchains have been working on making the cross chain future a reality Interchain accounts will allow different blockchains to easily interact with smart contracts on $ETH This will unlock billions in capital… 2. Smart Contracts Wallets Smart contract wallets are 100% necessary for widespread adoption of DeFi These are wallets maintained by contract code, rather than a private key It opens up a world of opportunity for things like social recovery, gas-less txs, & a whole lot more… 3. AI DAOs Let’s imagine an artificial intelligence on the blockchain, constantly improving itself to meet a set of goals With neural networks & machine learning on $ETH, this is actually very possible Believe it or not, this has already been tested: 4. Web 3.0 When things went digital, people completely changed the ways they viewed ownership of their items online The Web 3.0 economy is an open network owned, and powered by the creators 5. Automation If you build on $ETH, you’ll quickly notice one thing… There is no way to hard code something to happen at a specific time, everything has to be triggered by something This goes for: -claiming Bot networks are crucial for $ETH infra ???? 6. Capital Efficiency $ETH is extremely capital inefficient. Liquidity is segmented across protocols like Uniswap, Aave, or Sushiswap The platform that closes these borders will be the one that prevails, forever changing the way people can use their capital 7. Staking Derivatives With the use of interchain accounts and staking derivatives on $ETH, billions of dollars in locked capital will be unlocked from various proof of stake blockchains All of these blockchains can then interact with smart contracts using the derivatives ???? 8. Fractionalization So long, cheap NFTs. The creation of fractionalization tools have made NFTs infinitely more accessible for the normal investor Entire groups of people can pool to own their fair share of NFTs, & they no longer need the absurd upfront capital to get started
9. Creator Tokens As more and more people open up to the idea of creator economies, I believe we will start to see them pop up frequently There are a wide range of applications on $ETH that allow you to monetize your work, with benefits even exceeding traditional solutions 10. Play To Earn The use cases for $ETH & NFTs are undoubtable in the gaming industry. With a combo of crypto economics and players of the game, all parties are inclined to make sure the game is developed to the greatest of their ability These are very powerful network effects 11. Fair Launches If there is one common theme in DeFi, it is the ability of fair launches & fair token distribution projects to easily attract value Whether it be liquidity mining, governance airdrops, or any other types of fair launches, these kinds of projects always win 12. ENS Use of ENS in a wide range of dApps will transform UX on $ETH Lots of people are still unaware of the fact that they can send any stream of value across the world with nearly instant finality without a bank, as simply as they would send an email wallet.eth > 0x87ab… 13. Zero-Knowledge Proofs zkproofs are a revolutionary technology made possible by cryptography It allows two parties to verify information without revealing anything other than the validity of the statement itself They may also have to ability to scale $ETH to the next level 14. Synthetics Synthetic assets make up the trillions in dollars of assets they can represent The benefits of universal market access located on a censorship resistant network should not be underestimated This is a tool for applications in the even greater ecosystem 15. Ungovernance This is a unique governance design minimizing governance as much as possible Introduced by $FLX, the token will serve to eventually minimize governance to a PID controller in the code This will be particularly attractive for its trust-less design 16. Credit Delegation Credit delegation refers to the process of delegating credit to someone The smart contracts can be programmed to execute predefined functions, removing trust This is a way for DeFi protocols to source liquidity WITHOUT needing borrower side collateral 17. Asset Managers Asset managers are essentially permissioned pools for use across DeFi Any type of pool can use their deposited tokens in a vault through Asset Managers, putting idle capital to work when it is NOT being used as swap liquidity This will be massive for AMMs… 18. DAOs DAOs can make up of any number of people who maintain a group’s decisions in a distributed manner Individuals can use their tokens to vote and propose ideas they want to happen These have already come to be some of the largest bootstrapped communities we know 19. NFT Marketplaces Although the NFT ecosystem has expanded significantly since last year, there is a lack of a decentralized, user-friendly NFT marketplace… When a dApp makes the process of trading NFTs as easy as using Uniswap, the whole NFT market will flock there 20. Education There is a significant lack of formal education and knowledge involved with crypto Those who make trying new dApps and features on $ETH fun to do will attract a huge amount of customers NEW to the industry 21. On-chain Analysis It is actually unbelievable how much “alpha” there is to be found on the blockchain Now, it is easier than ever to see what the biggest whales are doing, where the funds are going, and who is interacting with who You can even find partnerships on chain 22. Decentralized Lending Protocols An unbiased, non-intrusive, & nearly instant lender is an idea that would be laughed at in tradfi However with things like Reflexer, $MKR, & much more on $ETH this is possible This is not only a large step for crypto, but all of the world 23. Layer Two Interoperability As more users go to layer 2 rollups for their scalability, interoperability will be important What is already scaling $ETH to tremendous levels in terms of TPS, will also be able to benefit of the inherent features of optimistic & zkproof rollups Anyways, there are an abundance of narratives that may very quickly become the new normal on $ETH, each in different sectors It is extremely important to keep all of these in mind while we’re in the bull market… I hope you all enjoy! ???? [link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments