Ethereum

⚡️ Three ways Ethereum is currently getting mogged on usability

We're so used to these issues that we don't realize we are this guy to the uninitiated.

Fortunately, all fixable.

1/

1. AMBIGUOUS ADDRESS FORMAT

Ethereum has a tower-of-babel problem. Addresses are long and there's no agreed way to specify which of the rapidly-multiplying chains you're on.

Tron is terrible in many ways, but they get addresses right. Short, clean, unambiguous.

Real World Ethereum 🌎 
building /daimo ✳️ 

2. CROSS-CHAIN TRANSFERS

Another tower-of-babel problem: Alice on Arbitrum wants to pay Bob on Base. She now has a choice of 10+ different bridges at varying levels of speed, cost, and trustworthiness.

This needs to be under 10 cents, under 10 seconds, automatic.

3. PRIVACY

Solana PYUSD launch today has a very interesting feature. ZK-shielded transaction amounts, with centralized audit. 

Perfect privacy? No, but much better than the situation on Ethereum today, where ~all transfers are either custodial or completely public.

Luckily, Ethereum is a permissionless system. The most solid foundation, with the strongest commitment to decentralization. All of these application-layer issues are fixable!

If you are unstoppable and want to implement #2 or #3 at Daimo (or write an ethmagicians post together for #1), DM me.

I’m just glad you highlight privacy, feels like it’s in shambles recently with all the bad news around it.

250 $DEGEN

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