Bankless Devcon #2 - Justin Drake | The Next Steps for ETH
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Oct 25, 2022 
In this engaging discussion, Justin Drake, a key speaker at Devcon and contributor to ultrasound.money, dives deep into the future of Ether as an asset. He explores the concept of 'ultrasound money' and its implications for the Ethereum network’s health and security. Drake highlights the anticipated scalability improvements from EIP-4844 and sharding, emphasizing the importance of community conversation around ETH. His insights unveil Ether's evolving role in decentralized finance and its increasing significance in the crypto ecosystem.
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ETH Price Boosts Utility
- Ether's price increases Ethereum's utility by improving security and enabling decentralized finance.
- Higher ETH prices incentivize developers and create more economic bandwidth for collateralized assets.
Scalability's Impact
- Scalability will drastically reduce transaction fees and create more value on Ethereum.
- This will increase economic security and bandwidth, making Ethereum even more attractive to developers.
Ultrasound Money: Tech vs. Meme
- There are two ways to discuss ultrasound money: the technical implementations and the meme itself.
- While the technical aspect is progressing well, the meme's proliferation is also being measured by various metrics.