The crypto market is changing fast, with a new section popping up every few days to grab the headlines.
In order to help you better capture the hot spots, this article will sort out the 20 most important innovations on Ethereum, and their existence will completely change the way we use the network.
1. Cross-chain account
Some POS chain developers have been working on making cross-chain a reality.
The so-called cross-chain account means that the entire blockchain can have an account on another chain, which allows users to easily interact with smart contracts on different chains. This will free up billions of dollars in capital.
2. Smart contract wallet
Smart contract wallets are a must for widespread adoption of DeFi.
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3. AI DAO
Imagine a scenario where when an AI DAO (Artificial Intelligence Decentralized Autonomous Organization) is added to the blockchain, it can automatically improve various functions and achieve a series of goals.
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4.Web 3
As everything goes digital, people have completely changed the way they view ownership of things online.
The Web 3 economy is an open web, owned and powered by its creators. This ecosystem has no islands or borders, and the ownership is in the hands of the people themselves.
5. Automation
If you do development on Ethereum, you will notice one thing very quickly...
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6. Capital efficiency
Ethereum itself is extremely capital inefficient.
Its liquidity is split between protocols like Uniswap, Aave, and Sushiswap. In the future, these boundary-breaking platforms will become mainstream and change the way people use capital forever.
7. Staking Derivatives
With the use of cross-chain accounts and Staking derivatives, billions of dollars originally locked in various POS public chains will be unlocked for liquidity. All POS public chains can interact with derivatives tools and smart contracts to expand capital utilization efficiency.
8. Segmentation Tool
Goodbye, cheap NFTs.
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9. Creator Tokens
As more and more people embrace the "creator economy," I'm sure we'll see it more and more often.
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10. Play and earn mode
Many applications of "ETH+NFT" are in the field of games.
When the cryptocurrency economy is combined with games, all players gravitate toward games that perform to their best ability.
This will have a very powerful network effect. World of Warcraft had more than 12 million users at its peak, and in-game gold coins were worth almost as much as real money. Users all over the world started "digging for gold" and it grew into an industry worth over $900 million and employing millions of players.
Blockchain and GameFi are complementary, and games can only reach their full potential when combined with a decentralized network, programmable smart contracts, and a creator economy.
11. Fair Start
If there is one common theme in DeFi, it is fair launch and fair token distribution.
Whether it’s liquidity mining, governance token airdrops, or any other kind of fair launch, these types of projects always win.
12.ENS
Using ENS in a large number of DAPPs will change the user experience.
A lot of people still don't realize that they can instantly send things of value anywhere in the world without a bank, as easily as sending an email.
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13. Zero knowledge proof
Zero-knowledge proof is a revolutionary technology enabled by cryptography.
The prover can convince the verifier that a statement is correct without providing any useful information to the verifier.
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14. Synthetic assets
Synthetic assets represent financial instruments composed of one or more assets/derivatives, which can leverage trillions of dollars in assets.
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15. Credit entrustment
In a credit entrustment loan, depositors can entrust their line of credit to someone else.
Credit delegation utilizes smart contracts to program to perform predetermined functions, thereby eliminating trust. This is a way for DeFi protocols to access liquidity without requiring collateral.
16. Asset Manager
The essence of an asset manager is a permissioned pool of funds across DeFi.
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17.DAO
DAO is composed of any number of people. They maintain DAO decisions in a distributed manner. Individuals can use tokens to vote and initiate proposals. Many projects we are familiar with take the form of DAO.
18. NFT market
Despite the significant expansion of the NFT ecosystem since last year, a decentralized, user-friendly NFT market remains scarce…
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19. On-chain analysis
It is unbelievable that there is a lot of "alpha" hidden in the data on the chain.
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20. Decentralized Lending Protocol
The idea of an unbiased, non-invasive, almost instant loan is almost a joke to traditional lending.
epilogue
epilogue
It has to be said that there are very rich narratives on Ethereum, which are distributed in different segments and may soon become the new normal of Ethereum.
Even though we are in a bull market, it is important to take the time to understand these innovations.
