Wu learned that Ethereum co‑founder Joseph Lubin said Ethereum L1 transaction fees should stay low to foster ecosystem growth. He expects that in the next 2 to 3 years tens of thousands of companies will deploy on Ethereum L1, L2 and permissioned EVM networks, achieving cross‑layer interoperability. Lubin believes large‑scale adoption will increase ETH’s monetary premium and total L1 fee revenue; meanwhile staking and other lock‑up mechanisms will reduce circulating supply. If ETH returns to a net‑burn state, its value could rise further. https://t.co/AB8o0ZFegF
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Elon Musk should create a chain for when humans start colonizing Mars.
It could be the source of truth for the supply chain there that would include:
> property records
> human identification
> keeping track of what enters and exits Mars.
> where minerals were sourced + what they were used for
And countless other things the humans of Mars find valuable! I'd recommend the following structure to ensure Mars starts off on the right path:
Name: Mars Chain
Gas Token: SpaceX Stock
Structure: Layer 2 on @Ethereum
@Robinhoodapp could be the issuer and the tokenizing entity, @Offchain can work with @SpaceX to spin up the dedicated blockchain (built w/ the @Arbitrum Platform) and implement any confidentiality/compliance plug-ins they may need, alongside making sure their stock is the gas token.
Earth will be the first to go programmable, but on Mars it should be the default.
1/3 of all Ethereum is now staked
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How Much Is Ethereum Worth?
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.
