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30min chapter
Where is Ethereum Headed? | Mike Ippolito & Mike Neuder
Bankless
Exploring Ethereum's Value Dynamics
This chapter delves into the value accrual mechanisms of Ethereum as a Layer 1 blockchain, discussing cash flows, network effects, and the implications of Ethereum Improvement Proposal 1559. The speakers analyze the competition between holding ETH and stablecoins, while considering the evolving user engagement dynamics and the impact of transaction fees on the ecosystem. Additionally, the chapter contrasts Ethereum’s approach to censorship resistance with other platforms, evaluating the transformative potential of decentralized finance (DeFi) in reshaping financial systems.
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Discover
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