rubzcomms 🎩
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𝐓𝐡𝐞 𝐁𝐥𝐮𝐞 𝐏𝐢𝐥𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧: 𝐁𝐀𝐒𝐄 𝐋𝟐 – 𝐀 𝐓𝐢𝐦𝐞𝐥𝐢𝐧𝐞 𝐨𝐟 𝐒𝐜𝐚𝐥𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 🔵 "𝑇ℎ𝑜𝑠𝑒 𝑤ℎ𝑜 𝑑𝑜 𝑛𝑜𝑡 𝑙𝑒𝑎𝑟𝑛 𝑡ℎ𝑒 𝑝𝑎𝑠𝑡 𝑎𝑟𝑒 𝑑𝑜𝑜𝑚𝑒𝑑 𝑡𝑜 𝑟𝑒𝑝𝑒𝑎𝑡 𝑖𝑡" 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 🎩
@rubzcomms
𝟐𝟎𝟏𝟓-𝟐𝟎𝟏𝟗: 𝐓𝐡𝐞 𝐅𝐨𝐮𝐧𝐝𝐚𝐭𝐢𝐨𝐧 & 𝐄𝐚𝐫𝐥𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐄𝐭𝐡𝐞𝐫𝐞𝐮𝐦 🔹𝟐𝟎𝟏𝟓: 𝐄𝐭𝐡𝐞𝐫𝐞𝐮𝐦 𝐌𝐚𝐢𝐧𝐧𝐞𝐭 𝐋𝐚𝐮𝐧𝐜𝐡𝐞𝐬 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 🎩
@rubzcomms
🔹𝟐𝟎𝟏𝟕: 𝐓𝐡𝐞 𝐈𝐂𝐎 𝐁𝐨𝐨𝐦 & 𝐒𝐜𝐚𝐥𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐄𝐦𝐞𝐫𝐠𝐞 • Ethereum becomes the preferred platform for Initial Coin Offerings (ICOs), raising billions of dollars for blockchain projects. • The surge in transactions exposes Ethereum’s limitations, as gas fees increase significantly due to network congestion. • Ethereum’s block size and processing capabilities prove insufficient to handle the growing demand, sparking early discussions on scalability solutions.
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