Ethereum & Smart Contracts

The previous article in this series surveyed the DeFi protocols that have survived multiple market cycles on Ethereum — Uniswap, Aave, MakerDAO, Compo

The term "smart contract" is one of the most successful misnomers in technology. It sounds like a legally binding agreement that thinks for itself. It

When we talk about "tokens" on Ethereum, we are not talking about coins in the way Bitcoin uses the word. A token is a balance recorded in a smart con

Most people who use Ethereum will never write a line of Solidity. They will never deploy a smart contract or run a test suite against a local fork. Bu

We have spent nine articles in this series examining Ethereum's architecture, its developer ecosystem, its scaling strategy, its production-ready prot

The most unproductive conversation in cryptocurrency is the one where Bitcoin and Ethereum are treated as competitors in a zero-sum contest. The maxim

Ethereum has a cost problem, and that cost problem is a sovereignty problem. When a simple token transfer costs $5 in gas fees during calm markets — a

Bitcoin proved that a decentralized network could maintain a shared ledger without a central authority. Ethereum asked a different question: what if t

Decentralized finance is a broad category that includes everything from battle-tested lending protocols to algorithmic experiments that collapse in th

In the summer of 2016, Ethereum was eighteen months old and already testing a thesis that most of the world had not yet heard of: that code could repl