Who are the people playing eth (use cases of eth)

Who are the people playing eth? Editor’s note: This article is from the Plain Blockchain (ID: hellobtc), written by Sanli, authorized by Odaily Star Daily.

Recently, various DeFi projects on Ethereum have started their mining activities:

In the past few months, smart contracts on Ethereum have spent over $500 million in gas fees to process various transactions;

Since June, the number of validator nodes for ETH 2.0 has doubled, reaching 14 new ETH addresses.

As the DeFi ecosystem continues to grow, some of the most influential people are also constantly joining this industry – playing eth is one important part: developers and investors. They are mainly responsible for providing services to users, building decentralized applications, and launching their own dapps, etc. However, this does not mean that these companies are entering the field.

Although the Ethereum community has published many tweets about eth projects, most people are just being targeted by scammers because they have no content at all.

For example, when a netizen discovered the word “Eth2,” he immediately retweeted and commented, “Are we going to do something now?” Many people also expressed unfamiliarity with this term and had a lot of misconceptions. “I just read an article that said why I still want to find such people to do things. The reason is that if someone regards it as a scam, he will feel like he is playing the role of a scammer.”

Another netizen commented, “Shouldn’t you think so?” According to the official information, many people may not be very clear about this issue. In fact, Ethereum developers are also like this. They are said to have created a new website called “DApp.”

In addition to open-source code, the Ethereum team is also exploring how to integrate other cryptocurrencies into its platform’s native tokens. However, it is currently uncertain whether these platforms will be launched soon.

Use cases of eth

According to ethnews, most of the functions and applications of the Ethereum network are used in ETH 2.0. Some of these protocols include decentralized exchanges, smart contract platforms, and wallets. These services will all be operated through the blockchain. For example, UniswapV3 on Ethereum will allow users to trade any ERC20 token based on Ether with their ETH.

In addition, eth.money also supports users to create their own cryptocurrencies (such as BTC), which will generate additional functionalities because its deployment in ETH 2.0 is completely transparent and auditable.