100,000,000 "bank accounts" on Ethereum
Editor's Note: This article comes fromCrypto Valley Live (ID: cryptovalley)Editor's Note: This article comes from
Crypto Valley Live (ID: cryptovalley)
Crypto Valley Live (ID: cryptovalley)
, Author: Ryan Sean Adams, translation: Liam, reprinted with authorization from Odaily.
Five years after its birth, ETH had more than 100,000,000 addresses last week.
That means 100 million bank accounts that are not based on bank presence.
This can be said to be a major milestone.
Why do I call these addresses bank accounts?
These addresses are like a kind of bank account with the following functions:
open
for everyone
can be canceled
open
programmable
no borders
neutral
At the same time, no technology companies are required, no state support is required, and no banks are involved.
Free and open like the Internet.
Speaking of the internet...
Did you know that it was 15 years after the birth of the Internet that it first broke through 100 million hits on a web page?
Publishing a website is the same as creating an ETH address, without any permission.
"A repository of information not owned by any news company," was how we described the Internet in the early 1990s. Now anyone can become a publisher and distribute to the world -- no borders. Accessible by anyone at the same time, this is revolutionary!
That's what's happening with the Internet.
Ethereum is to value what the Internet was to communication.
Not websites, videos, pictures, but accounts, tokens, and capital pools;
Not interests, connections, or opinions, but value, liquidity, and volume;
Not gif or jpg but ERC20s and ERC721s:
It is not the exchange Internet, but the Internet value network.
Last week I read an article saying that DeFi had reached its limit.
It seems that 100 million bank accounts, 2.7 million tokens, and a billion locked value are already the pinnacle of DeFi.
No!
DeFi hasn't reached its limits yet.
And traditional finance is reaching its limits
It took Lending Club five years to disburse $250 million in loans.
Maker has issued $240 million.
Entire fintech companies will be built on stablecoins.
Entire industries will be disrupted.
