I disagree with this viewpoint, particularly where Ethereum is concerned. Why? Because if you look closely, Ethereum is already powering amazing, and in many cases unprecedented, solutions and services in the here and now.
The leading smart contract platform is a new kind of public infrastructure, and its ecosystem has come far enough along now that it seems, at least to me, all but inevitable that this infrastructure will be more widely adopted in the years ahead.
That’s because if Ethereum is so useful now, it should be that much more useful as time goes on. So to get a better sense of why Ethereum is already a game-changer in the world today, let’s survey the major stars in the platform’s metaphorical constellation.
Finance for Anyone
With an Ethereum address, anyone in the world can save, invest , borrow, lend , and transact with anyone around the globe that also has an Ethereum address.
The best part of this dynamic? All these activities are powered by a decentralized blockchain rather than by a centralized company that has its own whims and regulatory pressures. PayPal may shutter your account for this or that reason, but Ethereum can’t .
Accordingly, Ethereum offers an increasingly globalized world a powerful alternative financial system that has self-sovereignty at its heart.
Centralized crypto exchanges enforce KYC and control your funds. Decentralized exchanges do neither of these things, which is big reason that Ethereum’s DEX scene has exploded so far in 2020.
It’s empowering to be able to trade permissionlessly and around the clock, and recent growth in the DEX sector proves that. Take the case of Uniswap, the Ethereum community’s darling DEX. Uniswap creator Hayden Adams said this month that Uniswap’s volume stands to be higher in June 2020 than it was in all of 2019.