Today, the crypto community is celebrating the 4th anniversary of Ethereum’s main net launch. A unique open-source platform for decentralized applications that brought a lot of enthusiasm within the blockchain space.
As a team at Pure Knot, Ethereum has really excited us with its potential to create a decentralized web and that is why many of us jumped into the wild world of crypto and dedicate our careers to it. We have worked with several companies built on top of Ethereum such as Embleema, Sila, Equiti Gamesand many more; we have been part of launching BTC.com’s Ethereum mining pool — so Ethereum has been a central part of our work as a company. Being part of the Starfish Community from day 1, we have also had the pleasure to participate in countless Ethereum related meetups and events and always felt that this community brings more energy than any other blockchain.
Since its Genesis, Ethereum became the second-largest cryptocurrency in terms of market cap and the most popular blockchain protocols for new product launches. We estimate that 2544 Dapps have been built on the Ethereum network, 6797 nodes around the world are keeping it up and running every day.
And its applications are endless…
Below, some of the Pure Knot team gives their thoughts on what Ethereum represented in their work and what excites us the most about the technology and community:
Will McCormick @takeowt
While Ethereum fueled the wildness of 2017’s ICO craze, there is a long journey ahead to creating the decentralized future which Vitalik and co. envisioned. There has been a lot of pressure put on the ethereum developers to meet scaling demands, but it is still so early in the process and I hope we can stay patient as a community. The potential impact in social and finance systems from DAPPs is huge but we are still only 4 years into the journey. The BUIDL phase for Ethereum is still underway and while the scaling challenge is huge, in time we will get there. Much of the focus in blockchain now has rightly turned to the infrastructure layer, but i’m excited for DAPPs time to shine again to see the creativity of the industry truly shine.
Keeping up with Ethereum the last few years has been a wild ride. The questions of how to manage cryptographic protocols that scale and how to incorporate smart contracts are crucial for the successful deployment of decentralized applications. I’m excited to see the continuing development on Ethereum 2.0 and how to best scale data on a decentralized ledger.
From buying my first Ethereum at 30$ to participating in an ICO and later on helping more than twelve projects (in just about 12 different industries) build and launch on top of Ethereum — my experience felt like a very fun rollercoaster ride.
My favorite part of it all is being part of growing the community through hackathons (CryptoChicks, ETHDenver) and conferences like Edcon, Devcon and CryptoCamp. The creative energy in there is really uplifting!
Our client SALT was also happy to share their comments:
“For all the hate on its fast-growing and oversized blockchain, Ethereum has become one of the most useful blockchain projects. Good or bad, Ethereum gave anyone with an idea the ability to hold an ICO to help get their project off the ground, and now a whole decentralized financial system has sprung up on top of it. However, there are certainly technical challenges to overcome scaling the seemingly exponential growth of Ethereum’s Dapps and fine-tuning its (sometimes confusing) smart contract support.
Some of the groundbreaking projects that I’ve found most compelling to come out of Ethereum’s ecosystem are MakerDAO (aka The Digital Finance Stack) for borrowing/lending, Brave and Basic Attention token for browsing data and democratized ad revenue, Augur for prediction markets, Golem for distributed computing/rendering, and Decentraland for the future of VR. Each of these verticals is an entry point for someone already interested in one of these fields. Ethereum demonstrates how blockchains can be successful at tasks other than storing value or monetary transactions. Looking forward, Ethereum 2.0’s core infrastructure, Beacon Chain, which manages its long-awaited proof-of-stake protocol, has been cemented after a great deal of experimentation, and I can’t wait to see how this new environment will allow current applications to mature while new, creative products are invented.” — Rob Odell, VP of Product and Marketing at SALT.
We’re very excited to see what 2019 and the years to come will bring for Ethereum and the blockchain ecosystem!