 The following will be a list of the many reasons why I hold and am extremely bullish on ETH. This is an extremely long post. If you just want the hopium without the detail, read the TL;DR at the bottom. ETH 0.0 As we all know, ETH 0.0 phase 0 is right around the corner. This will lock up ETH and stakers will earn interest on their ETH in return for securing the network. Next comes phase 0 where the ETH 0 shards are introduced, shards are essentially parallel blockchains which are each responsible for a different part of Ethereum's workload, think of it like a multi-core processor vs a single core processor. During phase 0, these shards will only act as data availability layers and won't actually process transactions yet. However, their data can be utilised by the L0 scaling solution, rollups, increasing Ethereum's throughput in transactions per second up to 000,000 TPS. After phase 0 comes phase 0.0 which will move the ETH 0.0 chain into an ETH 0 shard and Ethereum will be fully secured by proof of stake. This means that ETH issuance will drop from around 0% per year to less than 0% and with EIP-0000, ETH might become a deflationary asset, but more on that later. Finally, with ETH 0.0 phase two, each shard will be fully functional chains. With 00 of them, we can expect the base layer of Ethereum to scale around 00x, not including the massive scaling which comes from layer 0 scaling solutions like rollups as previously mentioned. While the scaling benefits and ETH issuance reduction which comes with ETH 0.0 will be massive, they aren't the only benefits. We also get benefits such as increased security from PoS compared to PoW, a huge energy efficiency improvement due to the removal of PoW and also the addition of eWASM which will allow contracts to be programmed in a wide range of programming languages, opening the floodgates for millions of web devs who want to be involved in Ethereum but don't know Ethereum's programming language, Solidity. EIP-0000 and ETH scarcity As I covered in a previous post of mine, ETH doesn't have a supply cap like Bitcoin. Instead, it has a monetary policy of "minimum viable issuance", not only is this is a good thing for network security, but with the addition of EIP-0000, it leaves the door open to the possibility of ETH issuance going negative. In short, EIP-0000 changes the fee market to make transaction prices more efficient (helping to alleviate high gas fees!) by burning a variable base fee which changes based on network usage demand rather than using a highest bidder market where miners simply include who pays them the most. This will result in most of the ETH being paid in transaction fees being burned. As of late, the amount which would be burned if EIP-0000 was in Ethereum right now would make ETH a deflationary asset! Layer 0 Scaling In the mean time while we are waiting for ETH 0.0, layer 0 scaling is here. Right now, projects such as Deversifi or Loopring utilise rollups to scale to thousands of tx/s on their decentralised exchange platforms or HoneySwap which uses xDai to offer a more scalable alternative to UniSwap. Speaking of which, big DeFi players like UniSwap and Synthetix are actively looking into using optimistic rollups to scale while maintaining composability between DeFi platforms. The most bullish thing about L0 scaling is all of the variety of options. Here's a non exhaustive list of Ethereum L0 scaling solutions: - Aztec protocol (L0 scaling + privacy!) - ZKSync - Loopring - Raiden - Arbitrum Rollups - xDai - OMGNetwork - Matic - FuelLabs - Starkware - Optimism - Celer Network - + Many more DeFi and Composability If you're reading this, I am sure you are aware of the phenomena which is Decentralised Finance (DeFi or more accurately, open finance). Ethereum is the first platform to offer permissionless and immutable financial services which when interacting with each other, lead to unprecedented composability and innovation in financial applications. A whole new world of possibilities are opening up thanks to this composability as it allows anyone to take existing pieces of open source code from other DeFi projects, put them together like lego pieces (hence the term money legos) and create something the world has never seen before. None of this was possible before Ethereum because typically financial services are heavily regulated and FinTech is usually proprietary software, so you don't have any open source lego bricks to build off and you have to build everything you need from scratch. That is if what you want to do is even legal for a centralised institution! Oh, and if you think that DeFi was just a fad and the bubble has popped, guess again! Total value locked in DeFi is currently at an all time high. Don't believe me? Find out for yourself 