These types of applications will be game changers after the Ethereum 2.0 merger

The topic of this article is for those who like to “think ahead”.

Ethereum is changing, and changing fast. Next year will bring fundamental changes to the Ethereum network as we transition to Proof of Stake (PoS).

Here are some things to watch out for…

There has been a lot of talk about ETH 2.0 lately. In this post, I’ll be focusing specifically on projects that have the potential to change the game. The premise is that only ETH 2.0 and the upgrades it introduces will make things possible.

Staking Pool

After the Ethereum merger, stakers on the network will start receiving token release and transaction fees. Validator status requires 32 ETH to be staked to obtain. However, the “staking pool” model brings together multiple small users to become validators and distribute rewards.

Services like Lido Finance + Rocket Pool are sure to gain traction.

These types of applications will be game changers after the Ethereum 2.0 merger

Collateral Derivatives

Collateral derivatives are usually ERC-20 tokens that represent the ETH being pledged.

Unlike normally staked ETH, staked derivatives allow staked ETH to be used in DeFi like any other ERC-20 token.

The combination of the safest + liquidity will absorb tens of billions of value.

These types of applications will be game changers after the Ethereum 2.0 merger

stETH strategy

Now that we’ve covered tokenized staking ETH, there are other use cases.

stETH is in high demand. The highest yield generating protocol will be rewarded from users who try to maximize yield.

Yield strategy + stETH is a delicious combination.

These types of applications will be game changers after the Ethereum 2.0 merger

These types of applications will be game changers after the Ethereum 2.0 merger

Cross-Rollup Architecture

Cross-chain stuff is cool, but what about cross-rollup tools? This is something people don’t pay close enough attention to. dApps that bridge the gap between Optimistic Rollup and zkrollup will have a great future.

For example, Hop Protocol

These types of applications will be game changers after the Ethereum 2.0 merger

relay service

Rollups use calldata. Calldata is expensive, and one of the most expensive operations on the Ethereum network is writing to storage. For a Rollup like Arbitrum & Optimism, a network of robots that support bundled txs would be very helpful to keep costs down.

For example, GnosisDAO + Argent

zkProofs

This is not just ETH 2.0 season, but zkproof season. This is the result of years of research. zkproof technology can scale ETH to incredible levels. These dApps are live and will help billions of users spend ETH

For example, zkSync, Loopring

These types of applications will be game changers after the Ethereum 2.0 merger

Streaming/Paying

The expansion of Layer 2 will set the stage for true growth of L2 native dApps. That’s where things like streaming will really shine. Once they are further adopted, users will flock to these solutions with unmatched UX.

For example, Sablier + Splits

These types of applications will be game changers after the Ethereum 2.0 merger

Multi-chain governance

Tokens are not the best choice for voting because they:

  • Limited by chain security risks
  • not conducive to participation

The race is on to establish the next industry standard for cross-chain DAO tools. There are many unique ways to achieve this.

For example, Guild

These types of applications will be game changers after the Ethereum 2.0 merger

privacy

When it comes to zkproof, you have to mention privacy, right? Our privacy should be paramount to us. zkproofs enable zero-knowledge verification of arbitrary functions without revealing the underlying information. this is very important.

These types of applications will be game changers after the Ethereum 2.0 merger

Counterfactual Wallets

Counterfactual wallet will enable users to spend ETH directly to L2 while avoiding the high gas cost of initial L1 deposits This technology will be used by top CEX and DeFi protocols to bring in a large number of new users

For example, Loopring

These types of applications will be game changers after the Ethereum 2.0 merger

Cross-chain account

Many proof-of-stake blockchains have been quietly working on a cross-chain future. Cross-chain accounts will allow different blockchains to easily interact with all smart contracts on ETH. This will help free up billions of dollars…

For example, Cosmos

These types of applications will be game changers after the Ethereum 2.0 merger

Back to the fundamentals?

Everything I’ve described in this post could be the spark we need for our next trend. If they play out accordingly, this could lead to a refreshing new chapter for ETH.

These are not things you want to ignore.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/these-types-of-applications-will-be-game-changers-after-the-ethereum-2-0-merger/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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