Post-scarcity makes ETH one of the last scarce portfolio assets
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Refreshing, after being ridiculed & ostracized from ETH for opposing "L2 scaling"
Everyone is singing a different tune now in harmony with leadership
Unfortunately, the new plan is uncompetitive too
ZK-EVM will take 3-5 years for significant scale & slows ETH down indefinitely
https://t.co/L3hFLzwbd5
🚨BREAKING: Vitalik Buterin announces that
“The original vision for L2s and their role in Ethereum no longer makes sense”
He says “there’s a need for a new path forward for the network”following ETH gas fees dropping to their lowest point ever. https://t.co/C3PVtLXeiE
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When Was Ethereum Created?
Ethereum (ETH) is a decentralized platform that runs smart contracts, defined as applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk. The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
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