The Three Transitions

Special thanks to Dan Finlay, Karl Floersch, David Hoffman, and the Scroll and SoulWallet teams for feedback and review and suggestions. As Ethereum transitions from a young experimental technology into a mature tech stack that is capable of actually bringing an open, global and permissionless experience to average users, there are three major technical transitions that the stack needs to undergo, roughly simultaneously: The ecosystem transition triangle. You can only pick 3 out of 3. Without the first, Ethereum fails because each transaction costs $3.75 ($82.48 if we have another bull run), and every product aiming for the mass market inevitably forgets about the chain and adopts centralized workarounds for everything. Without the second, Ethereum fails because users are uncomfortable storing their funds (and non-financial assets), and everyone moves onto centralized exchanges. Without the third, Ethereum fails because having all transactions (and POAPs, etc) available publicly for li

Special thanks to Dan Finlay, Karl Floersch, David Hoffman, and the Scroll and SoulWallet teams for feedback and review and suggestions. As Ethereum transitions from a young experimental technology into a mature tech stack that is capable of actually bringing an open, global and permissionless experience to average users, there are three major technical transitions that the stack needs to undergo, roughly simultaneously: The ecosystem transition triangle. You can only pick 3 out of 3. Without the first, Ethereum fails because each transaction costs $3.75 ($82.48 if we have another bull run), a