Blockchain Bites: FCA's Crypto Crackdown, McAfee's Charges, Ethereum's Store of Value

Every day until the event the team behind Blockchain Bites will dive into an aspect of Ethereum that excites or confuses us.

The meaningful comparison between BitMEX and decentralized finance, of course, is the self-executing nature of decentralized exchanges on the Ethereum blockchain.

Through bits and bytes, developers are working toward a future where U.S. regulators cannot take down financial markets - let alone any application built on top of the Ethereum blockchain.

Still, while theoretically capable of supporting a new world of censorship-resistant finance, the Ethereum blockchain has hit the hard limits of its own infrastructure.

Others will focus on the future of Ethereum, and the long road it has taken towards scalability with Ethereum 2.0.

Ethereum 101.Ethereum 2.0 represents the first time the cryptocurrency industry will see a blockchain of its size and value attempt to transition all users, as well as assets, to an entirely new decentralized network while keeping all operations on the old network active and running.

In this essay, published in early 2020, Jha details why the transition to a Proof-of-Stake chain will turn Ethereum into a functioning store of value.

Going back to Will Foxley's introduction, Ethereum 2.0 promises to revolutionize finance and the crypto economy, but there are still a lot of open questions.

So what have the Ethereum founders delivered since they sold more than 7 million tokens to retail investors to kickstart the network in 2014?The original Ethereum platform inspired billions of dollars worth of economic activity, from token sales to DeFi loans, and influenced the way regulators view cryptocurrencies that "Decentralize" after fundraising.

According to several sources with knowledge of Ethereum infrastructure projects, the bulk of funds for Eth 1 and Eth 2 development still comes from either the Ethereum Foundation or ConsenSys, in addition to smaller funding mechanisms like the MolochDAO and the Meta Cartel, both of which also accept public donations.