A Detailed Summary of Every Single Reason Why I am Bullish on ETH in 2022. (TL;DR at the bottom)

This page summarizes the projects mentioned and recommended in the original post on reddit.com/r/ethfinance

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  • ens

    Implementations for ENS core functionality: The registry, registrars, and public resolvers.

    NFTs or “Non-Fungible Tokens” – We’ve all heard of them by now. This once niche aspect of the Ethereum community has exploded into the mainstream through almost unprecedented hype and speculation in the modern era. Since then, they have received a lot of flak, and in some cases, rightfully so. The reality is that the future is not buying a JPEG of a cartoon ape which gives you nothing more than commercial rights to said JPEG and being able to flex your ownership of this NFT to others. The NFTs which have staying power and create real value will be the ones which have utility. This could be something directly practical like an ENS name which allows you to use a human readable address for your wallet such as vitalik.eth, or it could be something more innovative and subjective in its value like a community token released by a musician which gives you many perks like private groups, special deals and even financial benefits such as tokenised song royalties.

  • baseline

    The Baseline Protocol is an open source initiative that combines advances in cryptography, messaging, and distributed ledger technology to enable confidential and complex coordination between enterprises while keeping data in systems of record. This repo serves as the main repo for the Baseline Protocol, containing core packages, examples, and reference implementations.

    Ethereum is by far the most widely adopted blockchain by enterprises. Ethereum’s Enterprise Ethereum Alliance (EEA) is the largest blockchain-enterprise partnership program and Ethereum is by far the most frequently leveraged blockchain for proof of concepts and innovation in the blockchain space by enterprises. Meanwhile, there are protocols like the Baseline protocol which is a shared framework which allows enterprises to use Ethereum as a common frame of reference and a base settlement layer without having to give up privacy when settling on the public Ethereum mainnet. This framework makes adopting Ethereum much easier for other enterprises. Another example is EY’s “Nightfall”, a Zero Knowledge optimistic rollup which provides full privacy and cheaper transactions for enterprise use.

  • Appwrite

    Appwrite - The Open Source Firebase alternative introduces iOS support . Appwrite is an open source backend server that helps you build native iOS applications much faster with realtime APIs for authentication, databases, files storage, cloud functions and much more!

  • crypto-fees

    Website for comparing total daily fees of various blockchain protocols.

    The best way to measure the adoption of a layer 1 chain is to compare the fee revenue. This is because blockchains sell block space and the fee revenue is the sum of money which people are willing to pay to access that block space. Ethereum’s fees in the last 24 hours (while I am writing this) total $3.9 million. Compare this to BNB (a network which doesn’t try to compete with Ethereum as a truly decentralised platform) which had $600,000 in fees in those same 24 hours. The next largest smart contract platform (one which actually claims to be decentralised) is Avalanche at just over $30,000. This means that Ethereum provides 100x the value to its users than its closest true competitor does. Source: https://cryptofees.info/

NOTE: The number of mentions on this list indicates mentions on common posts plus user suggested alternatives. Hence, a higher number means a more popular project.

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