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What Ethereum use case could make ETH a $500B market cap asset: Community solutions

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While Ether’s (ETH) worth dip over the weekend could have left buyers nervous concerning the digital asset, neighborhood members on Reddit performed a dialogue on Ethereum use circumstances that might probably push the asset’s worth upward. 

In the Ethereum subreddit, a Reddit consumer requested fellow members of the neighborhood about ETH use circumstances that they assume are able to pushing the asset’s market capitalization to $500 billion. Criticizing sensible contract use circumstances for actual property, the Redditor famous that they haven’t seen a convincing case that might solidify ETH’s worth much like how Bitcoin (BTC) is seen as a substitute for gold.

Responding to the thread, Redditor WarhorseLand supplied a rebuttal to the thread poster’s perspective on sensible contracts and actual property. According to WarhorseLand, whereas there have been no purposes but, the true property business can stop “closing day wire fraud” via the safety supplied by sensible contracts.

Additionally, WarhorseLand argued {that a} common trustless authentication is “the perfect use case” for sensible contracts. The Redditor believes that if a use case that lets folks show who they’re surely arises, it could possibly spur optimistic worth motion for the digital asset.

Participating within the dialogue, Reddit consumer SgtHappyPants introduced up a number of use circumstances together with decentralized certifications and monetary contracts. Apart from this, the Redditor highlighted the significance of decentralized autonomous organizations (DAO). According to the Reddit consumer, Ethereum is a world interplay platform that allows a brand new class of organizations.

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Answering the thread, one other participant in contrast Ethereum to common platforms like Craigslist and Ticketmaster. The Reddit consumer talked about that Ethereum can improve these platforms by changing the third celebration with the blockchain, permitting secured transactions with decrease charges.

Meanwhile, Ethereum founder Vitalik Buterin lately shared his ideas on blockchain use circumstances. In a weblog publish, Buterin talked about non-financial purposes like knowledge storage and retrieval and belief and censorship resistance. Apart from these, the Ethereum founder additionally shared his ideas on voting mechanisms which are superb.