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


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

Whereas Ether’s (ETH) price dip over the weekend could have left buyers frightened concerning the digital asset, neighborhood members on Reddit mentioned use instances of the asset that would push its value upward. 

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

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

Moreover, u/WarhorseLand argued that common trustless authentication is “one of the best use case” for good contracts. The Redditor believes {that a} use case letting individuals show who they’re undoubtedly may spur constructive value motion for the digital asset.

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

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One other participant compared Ethereum to standard platforms like Craigslist and Ticketmaster. The Reddit person 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 just lately shared his thoughts on blockchain use cases. In a weblog put up, Buterin talked about non-financial purposes reminiscent of information storage and retrieval and belief and censorship resistance. He additionally shared his ideas on very best voting mechanisms.