The current technical infrastructure of finance is inadequate and simply outdated for the modern world. One solution to this problem may be a technology called blockchain, which has a unique combination of features essential to a modern financial system, such as transparency, decentralisation, high security, traceability and auditability of records and the impossibility of falsification. However, the technology also suffers from shortcomings that prevent it from reaching its full potential, namely insufficient network throughput and the associated high transaction fees. Recent events may suggest that Ethereum has finally found an answer to the question of how to address, or at least mitigate, these shortcomings. Let's look at how Ethereum has evolved and come to its current state and how it is laying the foundations for (not only) the financial infrastructure of the future.
Evolution of the Ethereum ecosystem as a global financial infrastructure
