Ethereum's 10th Anniversary: A New Era of Digital Trust

In the global financial system, trust is the core element of every transaction. Ethereum provides an efficient platform for a vast array of assets, capital, and financial transactions through digital trust, benefiting the entire financial ecosystem from institutions to individuals.

On the tenth anniversary of the Ethereum genesis block, a detailed report outlines the investment case for Ethereum and the emerging category of "trust software." As an infrastructure, "trust software" can encode trust in the form of digital goods, enabling the industrial production of trust.

Research shows that Ethereum has become the dominant blockchain platform, supporting over half of the non-Bitcoin digital assets, including 60% of stablecoins, 60% of decentralized finance capital, and 80% of tokenized "real-world assets" such as stocks, money market funds, and bonds.

Breakthrough of Digital Trust: Trust Software

Trust software is an innovative infrastructure that upgrades traditional concepts of trust (such as manually verified documents and ledgers) to algorithm-generated digital trust. For a long time, human society has relied on various forms of trust infrastructure, from kinship to government agencies, insurance companies, and more. Although these systems promote cooperation and economic growth, they come at a high cost. It is estimated that global spending on trust-related matters exceeds $9 trillion annually, including areas such as insurance, legal systems, and auditing.

This massive expenditure highlights the limitations of the current trust model in the digital age. The traditional model is relatively slow, expensive, and decentralized, making it difficult to adapt to the rapidly evolving demands of the digital economy.

Trust software endows data with the core qualities of trust through algorithmic processes: validity and finality. Validity ensures the consistency and accuracy of data, while finality guarantees the permanence and immutability of data. Ethereum can achieve these properties in a cost-effective and efficient manner without the need for continuous human intervention.

The investment value of Ethereum

As time goes by, investors' understanding of Ether has shifted from simply being the "second largest cryptocurrency" to a deeper understanding of its intrinsic value. Ether represents the rapid growth of stablecoins and other tokenized assets, which are increasingly integrated into everyday life and business activities.

Ethereum is becoming the core platform driving the future global economy. Its performance in terms of security, stability, and adaptability is top-notch. The tenth anniversary of the genesis block also marks its outstanding achievements in the fields of digital and traditional asset technology.

The advantages of Ethereum include:

1. Economic Security: Over $100 billion in staked capital and more than one million validators have built a strong defense system.

2. Network effects: possessing the deepest liquidity, the most developers, and the richest application ecosystem.

3. Adaptability and Continuous Upgrades: Demonstrating strong resilience and improvement capabilities through complex upgrades (such as Merge and Dencun).

4. Decentralization and neutrality: Over 1 million validating nodes distributed across more than 80 countries ensure the system's antifragility and neutrality.

5. Institutional Recognition and Adoption: Globally renowned institutions have begun to utilize Ethereum for asset tokenization, payments, and investments, validating its security model and reliability.

Despite the increasing maturity of Ethereum technology, its economic potential is still in the early stages. The total market capitalization of cryptocurrencies accounts for only 0.3% of global wealth, and the tokenized securities market has significant room for growth. As the regulatory environment becomes clearer, especially in the United States, the adoption of cryptocurrencies is shifting from resistance to embrace.

The integration of artificial intelligence and blockchain further highlights the demand for trusted infrastructure. As AI agents begin high-speed trading, the need for machine trust will surge. Ethereum is the only infrastructure that is prepared for this.

For institutions, holding Ether means acquiring ownership of digital economic infrastructure at a low price. Ether can not only be used to pay network transaction fees but can also generate returns through staking. With the popularity of the Ethereum platform, the value of Ether is expected to continue to grow.

Conclusion

The digital revolution of trust has begun. Ethereum, as the core of this revolution, is continuously operating and self-improving, creating more value and attracting more users. For investors who believe in the future of digital trust, the opportunity to participate in the global economic infrastructure has already emerged.