Sunday, July 3, 2022
English EN Spanish ES

What Ethereum use case can make ETH a $500B market-cap asset? Community answers

189
SHARES
1.5k
VIEWS

Related articles



Whereas Ether’s (ETH) price dip over the weekend could have left traders frightened in regards to the digital asset, group members on Reddit mentioned use circumstances of the asset that would push its worth upward. 

In r/Ethereum, a Reddit consumer asked fellow group members how ETH may attain a market capitalization of $500 billion. Criticizing using sensible contracts for actual property, the Redditor famous that that they had not seen a convincing case that would solidify ETH’s worth, like how Bitcoin (BTC) is seen as a alternative for gold.

Redditor u/WarhorseLand offered a rebuttal to the unique poster’s perspective on sensible contracts and actual property. In keeping with u/WarhorseLand, whereas there have been no purposes but, the actual property trade can stop “closing day wire fraud” by means of the safety provided by sensible contracts.

Moreover, u/WarhorseLand argued that common trustless authentication is “the very best use case” for sensible contracts. The Redditor believes {that a} use case letting folks show who they’re certainly may spur optimistic worth motion for the digital asset.

Redditor u/SgtHappyPants brought up a number of use circumstances, together with decentralized certifications and monetary contracts. Additionally they highlighted the significance of decentralized autonomous organizations, or DAOs. In keeping with them, Ethereum is a worldwide interplay platform that permits a brand new class of organizations.

Associated: No more power surge: Community celebrates as Ropsten testnet merge goes live

One other participant compared Ethereum to common platforms like Craigslist and Ticketmaster. The Reddit consumer talked about that Ethereum may improve these platforms by changing the third celebration with the blockchain, permitting secured transactions with decrease charges.

In the meantime, Ethereum founder Vitalik Buterin lately shared his thoughts on blockchain use cases. In a weblog submit, Buterin talked about non-financial purposes corresponding to knowledge storage and retrieval and belief and censorship resistance. He additionally shared his ideas on supreme voting mechanisms.