While Ether’s (ETH) cost dip over the past weekend might have left investors concerned about digital asset, community people on Reddit conducted attorney at law on Ethereum use cases that may potentially push the asset’s cost upward.
Within the Ethereum subreddit, a Reddit user requested fellow people from the community about ETH use cases they think can handle pushing the asset’s market capital to $500 billion. Criticizing smart contract use cases legitimate estate, the Redditor noted they have not seen a convincing situation that may solidify ETH’s value much like how Bitcoin (BTC) can be regarded as a substitute for gold.
Answering the thread, Redditor WarhorseLand offered a rebuttal towards the thread poster’s perspective on smart contracts and property. Based on WarhorseLand, while there has been no applications yet, real estate industry can prevent “closing day wire fraud” with the security provided by smart contracts.
Furthermore, WarhorseLand contended that the universal trustless authentication is “the very best use situation” for smart contracts. The Redditor believes when a use situation that lets people prove who they really are certainly arises, it may spur positive cost action for that digital asset.
Taking part in the discussion, Reddit user SgtHappyPants introduced up several use cases including decentralized certifications and financial contracts. Aside from this, the Redditor highlighted the significance of decentralized autonomous organizations (DAO). Based on the Reddit user, Ethereum is really a global interaction platform that allows a brand new type of organizations.
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Answering the thread, another participant compared Ethereum to popular platforms like Craigslist and Ticketmaster. The Reddit user pointed out that Ethereum can enhance individuals platforms by replacing the 3rd party using the blockchain, allowing guaranteed transactions with lower charges.
Meanwhile, Ethereum founder Vitalik Buterin lately shared his ideas on blockchain use cases. Inside a blog publish, Buterin pointed out non-financial applications like data storage and retrieval and trust and censorship resistance. Aside from these, the Ethereum founder also shared his ideas on voting mechanisms which are ideal.
