Ethereum has a strategic vision of becoming the “World Computer.” This concept envisions a decentralized platform where anyone can build and run applications without any central authority. By embracing this vision, Ethereum aims to revolutionize the way we use and interact with the internet.
At the core of Ethereum’s vision is the idea of decentralization. This means that no single entity has control over the platform, ensuring that users have full ownership and control over their data and assets. This makes Ethereum a more secure and transparent platform compared to traditional centralized systems.
One of the key features of Ethereum is its smart contract functionality. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. This allows for trustless transactions to occur without the need for intermediaries, making transactions faster, cheaper, and more secure.
In order to achieve its vision, Ethereum is constantly evolving and improving its technology. The platform is working on scalability solutions to increase its transaction throughput and reduce fees. Additionally, Ethereum is working on transitioning from a proof-of-work to a proof-of-stake consensus mechanism, which will make the platform more energy-efficient and sustainable.
Overall, Ethereum’s strategic vision of becoming the “World Computer” is a bold and ambitious goal. By embracing decentralization and innovative technology, Ethereum is paving the way for a more secure, transparent, and efficient internet.