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👕 “Financial Advisor” Shirt 👉 https://retailer.coinbureau.com
🔥 My Insider Telegram 👉 https://t.me/cbinsider
📺 Useful Vids 📺
ETH Vid Jan 👉 https://www.youtube.com/watch?v=NLr2HMz_tvg
ETH Scaling 👉 https://www.youtube.com/watch?v=bz0y5zUZBaE
Polygon Video 👉 https://www.youtube.com/watch?v=34wQaNSvi10
– TIMESTAMPS –
2:25 Why ETH Has Value
6:45 DeFi Demand
8:23 Stablecoin Demand
14:12 ETH L2 Scaling
17:13 EIP 1559 & PoS
20:05 Price Potential
⛓️ 🔗 Useful Links 🔗 ⛓️
► Proof of Stake Explained: https://ethereum.org/en/builders/docs/consensus-mechanisms/pos/
► Fat Protocol: https://www.usv.com/writing/2016/08/fat-protocols/
► Metcalfe’s Law: https://seekingalpha.com/article/4399431-ethereum-to-repeat-bitcoins-move-to-20k-given-metcalfs-law
► Merge Vitalik: https://notes.ethereum.org/@vbuterin/B1mUf6DXO
► Optimism Delay: https://www.theblockcrypto.com/publish/99511/ethereum-scaling-solution-optimism-delays-mainnet-launch-estimates-july
► ETH 2.0 Deposits: https://duneanalytics.com/hagaetc/eth2-0-deposits
► QuickSwap: https://data.quickswap.change/
🍔 Fat Protocol 🍔
Perhaps some of the related that I’ve seen is that of the “Fat Protocol” principle
This was an funding mannequin that was first popularised by Joel Monegro over at Union Square Ventures – some of the well-known VCs on the planet
It relies on the notion that Ethereum has constructed a protocol that’s most in a position to seize worth – therefore the time period “Fat”
This is in comparison with a few of the established protocols on the market like TCPIP that are “skinny”. All of the worth in these protocols is concentrated within the software layer. There isn’t any worth that accrues to the protocol layer. This is completely different within the case of Ethereum the place the community advantages from dApp use
You even have Metcalfe’s legislation that dictates the worth of a community is proportional to the sq. of customers on it. So, it’s primarily an exponential functoin of all of the customers on the community
📈 ETH Demand 📈
Recently, Ethereum community demand has been surging. You solely want check out the whole variety of energetic addresses on the Ethereum community. This is at an all time excessive at over 580,000 addresses
This is being drive by
– Defi: Thousands of dApps with over 50 billion in TVL
– Stablecoin Demand: Billions has been issued on the Ethereum Network
– NFTs: These are all minted on the Ethereum community and requries fuel as a way to do it.
All of those elements add to the argument of ETH worth in line with the Fat protocol in addition to Metcalfe’s legislation.
📈 Layer 2 Scaling 📈
Given that there was a delay within the Optimism scaling answer there was some issues about ETH scaling. However, there are a selection of different actually vital layer 2 options on the market.
Polygon have developed a toddler chain structure that leverages zkRollups and Optimistic rollups. Polygon childchains will be capable of leverage the safety, robustness, and community results of the Ethereum blockchain.
Given that that is layer 2 it implies that scaling could be finished off of the primary chain. As extra Etheruem dApps begin to combine with Polygon it can imply much less bloat on the primary community.
🇬🇧 EIP 1559 & Proof of Stake 🇬🇧
This is a change in the way in which that the Ethereum Gas price public sale market works. It will see the implementation of a standardised “base price” and an non-obligatory Tip that may be paid to hurry up transactions.
Now, whereas EIP-1559 might not nessecarily cut back fuel charges per se, it can make them extra *predictable* and simpler to make use of. You will not want to regulate fuel limits based mostly on present market circumstances because the Base price will likely be dynamically adjusted.
Given that Miners should not a fan of EIP1559, they threatened to stage insurrection. This led to efforts by some within the ETH group to to rush alongside the Proof of Stake merge. This would occur in Phase 1 which might imply that Ethereum might scale a lot faster.
💸 Price Potential 💸
There are many elements which are worth constructive for ETH. These embrace each demand and provide elements:
– Increasing utility demand
– Increasing invesment demand
– Decreasing Exchange Supply
– More ETH in Defi Smart Contracts
– More ETH within the ETH 2.0 deposit contract
– potential impression of Fee burns
📜 Disclaimer 📜
The info contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who shouldn’t be a licensed monetary advisor or registered funding advisor. Trading Forex, cryptocurrencies and CFDs poses appreciable threat of loss. The speaker doesn’t assure any explicit end result.
#Ethereum #ETH #crypto #NFT #EIP1559 #buying and selling #defi