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Can someone explain to me in laymans terms the expected future of ETH? Currently I buy $50 a week into ETH, but since the price of ETH is so consistent it seems profiting isn't really that great, I know it's an investment, but why would you tell someone to buy ETH over BTC? Keep in mind, I know almost virtually nothing about Crypto, I just blindly buy because I've been told by many people to invest in ETH because "it's gonna be the future." Why is it the future? What is the difference between the two? #EtheruemETF
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Practical use cases for ETH that you are using right now? Aside from theoretical or future use cases of Ethereum, what are some day-to-day use cases you are actually using Etheruem for right now? And what traditional system does it improve upon and replace? Everyone talks about smart contracts or decentralized global computing power, but I don’t see people using Ethereum in their every day lives aside from buying/selling/HODLing/staking. I’m not looking for a one-off instance where you used Etheruem in some edge case, but rather a way that you use Ethereum every day that adds value to your life and improves upon a traditional method of accomplishing the same task. When researching online, I’ll see examples like betting: You can bet on if it will rain or not tomorrow. Traditionally you would need to trust the loser to pay the winner or if it's a third party to not run away with it. We can avoid this by writing code and by both depositing 100$ for example. When the code sees that yes in fact it did rain, it will automatically transfer the 200$ to the winner. But let’s be real, nobody is actually doing this lol. Plus, you’d have to trust whatever 3rd party module is verifying if it actually rained, and there might be disagreements depending on the module used. Meaning, there will still be elements of the protocol to contest. And humans or other 3rd parties will need to intermediate anyways, eliminating the whole idea of a smart contract. It doesn’t seem realistic. Other people say ETH is a global computer, and you can rent computation processing power. But once again, what average joe is actually doing this? I could see maybe some mathematician PhD guy needing to calculate the next prime number. But the average person never needs that much computer power to begin with. So I’m back to this, what are you using Ethereum for right now in your daily life? What traditional model did it replace for you? How has it improved your life? #ETH🔥🔥🔥🔥
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Balancer is a non-custodial automated market maker (AMM) protocol built on the Ethereum blockchain that purportedly aims to also operate as a decentralized exchange (DEX). It allows users to make liquidity pools with up to eight different tokens in any ratio. Balancer Pools act like index funds, exposing users to a wide range of tokens. Unlike traditional index funds, however, they collect fees, thereby continually rebalancing the liquidity they contain. These pools are reportedly aligned to trading strategies — for example, weighted pools are supposed to provide token versatility, enabling users to build pools with different weightage than the standard 50/50. This allows users to choose to expose certain assets while still providing liquidity, which Balancer says gives them more control over impermanent loss. The Balancer vault separates the pools from token accounting and management, simplifying pool contracts and accommodating new pool designs in the process. This also eliminates the need for a protocol with an innovative trading system to build its own DEX by facilitating a direct connection to Balancer. #BAL $BAL
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Rocket Pool is a staking pool for Ethereum 2.0. The protocol aims to reduce the hardware and capital requirements for ETH 2.0 staking, furthering Ethereum's decentralization and security. Rocket Pool is a decentralized staking infrastructure service provider that allows users, DApps, and enterprises to profit from staking their ETH holdings on the beacon chain. The $RPL token powers the protocol. The current price of RPL is live-tracked on Binance. Rocket Pool comprises three main entities: Smart Contracts, Smart Node Networks, and Minipool Validators. Rocket Pool smart contracts issue and track various tokens, receive staked ETH deposits, handle interactions with the beacon chain, and assign them to node operators. Additionally, they can recognize when a network's smart node has failed and immediately disable it so that it can't take on any more users until the issue has been resolved. #RPL $RPL
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iExec RLC is a decentralized cloud computing platform that operates on the Ethereum network. iExec enables access to "on-demand" cloud computing resources and technologies offered on the iExec cloud via decentralized applications. iExec was founded in 2016 to reinvent cloud computing by creating a new paradigm using blockchain technology. The network helps dApps utilize low-cost, high-performance resources, including servers, databases, Software as a Service application, web hosting, and computer farms. The $RLC token, the main asset utilized to access services within the iExec infrastructure, is a native cryptocurrency of iExec. RLC stands for Run on Lots of Computers. The current price of RLC is live-tracked on Binance. iExec's blockchain technology allows users to convert their applications, datasets, and computing power into financial resources using iExec's marketplace network. iExec makes this possible by providing on-demand access to cloud computing resources. Currently, iExec supports applications in big data, healthcare, artificial intelligence, interpretation, and fintech. #RLC $RLC
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