Ethereum will use around 99.95% less energy post merge

Re:Ethereum will use around 99.95% less energy post merge by scsilver on Tuesday May 18, 2021 @01:55PM (#27198478)

People are buying it now to run apps making money off of defi. Binance has their own network thats growing similarly. Both do have a huge amount of speculators. There are other up and coming complements to the market aswell including Polkadot.

Some like ethereum for its maturity and dev team.

[ Parent | on HN ]

Re:Ethereum will use around 99.95% less energy post merge by SmellTheGlove on Tuesday May 18, 2021 @04:35PM (#27200689)

> People are buying it now to run apps making money off of defi.

Serious question - what does this actually mean? What defi apps are people running to make money besides minting other coins?

[ Parent | on HN ]

Re:Ethereum will use around 99.95% less energy post merge by scsilver on Wednesday May 19, 2021 @01:49PM (#27211966)

One of the significant and first ones is compound.

https://compound.finance/

Uniswap being another

https://uniswap.org/

A more comprehensive lost of ether based defi apps

https://www.blocksocial.com/ethereum-defi-platforms/

There are also other blockchain ecosystems with their own defi projects.

In general, you have some cryto assets, you loan those to someone or some decentralized system that uses those assets to make money(like banks, financial institutions, and market makers).

[ Parent | on HN ]

Re:Ethereum will use around 99.95% less energy post merge by hanniabu on Tuesday May 18, 2021 @02:03PM (#27198597)

Imo Polkadot is "obsolete" now with Ethereum moving forward with a rollup-centric roadmap since L2 rollups are pretty much the same as parachains.

[ Parent | on HN ]

Re:Ethereum will use around 99.95% less energy post merge by exo762 on Tuesday May 18, 2021 @03:55PM (#27200181)

What is your take on Near?

[ Parent | on HN ]