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re: Official CryptoTalk Thread
Posted on 3/27/24 at 10:19 am to HottyToddy7
Posted on 3/27/24 at 10:19 am to HottyToddy7
quote:
A ton of crypto with use cases are built on the ETH network
I myself am looking for an education here. What real world problem is being solved using ETH?
2
Posted on 3/27/24 at 10:22 am to I Love Bama
ETH would be like the internet. Websites are built on the internet. Endless possibilities. ETH is the skeleton that the websites (other alt coins) are built on. ETH competitors are out there because the ETH network is outdated. There are other "Internets" that are newer and are faster and cheaper to move items. But ETH is upgrading to "Layer 2" ETH to fix these problems.
This cycle will be the cycle of AI coins that do things automated on the ETH Layer 2 network. Just like the internet, the possibilities are quite endless.
Edit: BASE ETH is one of the Layer 2 upgrades being built. I prefer it. It was funded by Coinbase. There are other Layer 2 options out there.
This cycle will be the cycle of AI coins that do things automated on the ETH Layer 2 network. Just like the internet, the possibilities are quite endless.
Edit: BASE ETH is one of the Layer 2 upgrades being built. I prefer it. It was funded by Coinbase. There are other Layer 2 options out there.
This post was edited on 3/27/24 at 10:28 am
Posted on 3/27/24 at 4:09 pm to I Love Bama
quote:
What real world problem is being solved using ETH?
How about not having your currency debased based on poltical climates.
Is this a good example?
I mean at the fundamental level the major driver is a financial intrument that is free from being debased by governments.
BTC does this as well, but in a different way, but ETH is much much more usuable in an "everyday" type way.
However, this is the message one would need to understand 1st IMO.
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