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@rubzcomms
๐“๐ก๐ž ๐๐ฅ๐ฎ๐ž ๐๐ข๐ฅ๐ฅ ๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง: ๐๐€๐’๐„ ๐‹๐Ÿ โ€“ ๐€ ๐“๐ข๐ฆ๐ž๐ฅ๐ข๐ง๐ž ๐จ๐Ÿ ๐’๐œ๐š๐ฅ๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐š๐ง๐ ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐Ÿ”ต "๐‘‡โ„Ž๐‘œ๐‘ ๐‘’ ๐‘คโ„Ž๐‘œ ๐‘‘๐‘œ ๐‘›๐‘œ๐‘ก ๐‘™๐‘’๐‘Ž๐‘Ÿ๐‘› ๐‘กโ„Ž๐‘’ ๐‘๐‘Ž๐‘ ๐‘ก ๐‘Ž๐‘Ÿ๐‘’ ๐‘‘๐‘œ๐‘œ๐‘š๐‘’๐‘‘ ๐‘ก๐‘œ ๐‘Ÿ๐‘’๐‘๐‘’๐‘Ž๐‘ก ๐‘–๐‘ก" Ethereum has undergone a remarkable transformation since its inception, evolving from a Proof-of-Work (PoW) blockchain to a Proof-of-Stake (PoS) network while addressing critical scalability challenges. Throughout its history, Ethereum has served as the foundation for decentralized finance (DeFi), NFTs, and Layer 2 (L2) rollups. This article provides an in-depth timeline that connects Ethereum's major milestones, from its early days to the rise of Base L2, emphasizing how Ethereum's role as a security and settlement layer has strengthened over time.
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rubzcomms ๐ŸŽฉ pfp
rubzcomms ๐ŸŽฉ
@rubzcomms
๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ—: ๐“๐ก๐ž ๐…๐จ๐ฎ๐ง๐๐š๐ญ๐ข๐จ๐ง & ๐„๐š๐ซ๐ฅ๐ฒ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐„๐ญ๐ก๐ž๐ซ๐ž๐ฎ๐ฆ ๐Ÿ”น๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“: ๐„๐ญ๐ก๐ž๐ซ๐ž๐ฎ๐ฆ ๐Œ๐š๐ข๐ง๐ง๐ž๐ญ ๐‹๐š๐ฎ๐ง๐œ๐ก๐ž๐ฌ Ethereum is officially launched with a PoW consensus mechanism, inspired by Bitcoin but designed to support smart contracts and decentralized applications (DApps). Developers and early adopters begin experimenting with decentralized protocols, laying the groundwork for what will later become DeFi and NFTs.
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rubzcomms ๐ŸŽฉ pfp
rubzcomms ๐ŸŽฉ
@rubzcomms
๐Ÿ”น๐Ÿ๐ŸŽ๐Ÿ๐Ÿ•: ๐“๐ก๐ž ๐ˆ๐‚๐Ž ๐๐จ๐จ๐ฆ & ๐’๐œ๐š๐ฅ๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐‚๐ก๐š๐ฅ๐ฅ๐ž๐ง๐ ๐ž๐ฌ ๐„๐ฆ๐ž๐ซ๐ ๐ž โ€ข Ethereum becomes the preferred platform for Initial Coin Offerings (ICOs), raising billions of dollars for blockchain projects. โ€ข The surge in transactions exposes Ethereumโ€™s limitations, as gas fees increase significantly due to network congestion. โ€ข Ethereumโ€™s block size and processing capabilities prove insufficient to handle the growing demand, sparking early discussions on scalability solutions.
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rubzcomms ๐ŸŽฉ pfp
rubzcomms ๐ŸŽฉ
@rubzcomms
๐Ÿ”น๐Ÿ๐ŸŽ๐Ÿ๐Ÿ—: ๐“๐ก๐ž ๐‘๐ข๐ฌ๐ž ๐จ๐Ÿ ๐ƒ๐ž๐…๐ข & ๐†๐ซ๐จ๐ฐ๐ข๐ง๐  ๐๐ž๐ญ๐ฐ๐จ๐ซ๐ค ๐”๐ญ๐ข๐ฅ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง โ€ข MakerDAO pioneers decentralized lending, introducing the DAI stablecoin and marking the beginning of DeFi. โ€ข Uniswap launches, introducing the concept of Automated Market Makers (AMMs), further driving on-chain activity. โ€ข Ethereum developers explore Layer 2 solutions and sharding to address congestion issues.
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rubzcomms ๐ŸŽฉ pfp
rubzcomms ๐ŸŽฉ
@rubzcomms
๐Ÿ๐ŸŽ๐Ÿ๐ŸŽ-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ: ๐ƒ๐ž๐…๐ข ๐’๐ฎ๐ฆ๐ฆ๐ž๐ซ & ๐„๐ญ๐ก๐ž๐ซ๐ž๐ฎ๐ฆโ€™๐ฌ ๐‚๐จ๐ง๐ ๐ž๐ฌ๐ญ๐ข๐จ๐ง ๐‚๐ซ๐ข๐ฌ๐ข๐ฌ ๐Ÿ”น๐Ÿ๐ŸŽ๐Ÿ๐ŸŽ: ๐ƒ๐ž๐…๐ข ๐’๐ฎ๐ฆ๐ฆ๐ž๐ซ ๐ˆ๐ ๐ง๐ข๐ญ๐ž๐ฌ ๐„๐ฑ๐ฉ๐ฅ๐จ๐ฌ๐ข๐ฏ๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก โ€ข Yield farming and liquidity mining drive mass adoption of DeFi, with platforms like Compound, Aave, and Yearn Finance offering lucrative incentives. โ€ข Gas fees skyrocket as DeFi transactions flood the network, making Ethereum nearly unusable for retail users due to high costs. โ€ข Developers push for rollup solutions and Ethereum 2.0 as long-term scaling strategies.
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rubzcomms ๐ŸŽฉ pfp
rubzcomms ๐ŸŽฉ
@rubzcomms
๐Ÿ”น๐Ÿ๐ŸŽ๐Ÿ๐Ÿ: ๐๐…๐“ ๐๐จ๐จ๐ฆ & ๐“๐ก๐ž ๐‹๐ข๐ฆ๐ข๐ญ๐ฌ ๐จ๐Ÿ ๐„๐ญ๐ก๐ž๐ซ๐ž๐ฎ๐ฆโ€™๐ฌ ๐’๐œ๐š๐ฅ๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ โ€ข NFTs gain mainstream attention, with platforms like OpenSea, CryptoPunks, and Bored Ape Yacht Club (BAYC) dominating the market. โ€ข Congestion worsens as both DeFi and NFT trading compete for block space, driving transaction fees to record highs. โ€ข Layer 2 solutions such as Optimistic Rollups (Optimism, Arbitrum) and zk-Rollups (ZKSync, StarkNet) begin to roll out, offering much-needed relief.
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