Think back to the early 1990s.
Ok, some of you may not have been born yet, but humor me.
The first iterations of the internet were going live, largely simple search engines and information sources posted online. The internet was like a digital version of a library. Visionaries understood the promise of a global open information source and peer to peer communication and grasped the full potential of the internet. But they had no idea how to build it - the tools did not yet exist.
The internet was close, yet far away.
Does this sound familiar to crypto today?
A breakthrough was required at the base layer to unlock the full potential of the internet. The answer to achieving this is obvious now, but wasn’t obvious at first.
After 1996, the internal programming language of the internet was finally written in a way that was conducive to building for mainstream adoption.
This is almost identical to the story of Ethereum.
Before the web became the World Wide Web, the programming language was simple HTML. User functionality was extremely limited. Older readers will likely remember the popularity of Geocities, which rose and fell in usage like a volatile shitcoin. No amount of flashy text was good enough to sustain the hype. More was needed.
HTML developers recognized that functionality was limited, so they optimized the HTML scripting language and added a “form feature.” The form feature was a positive step, but it didn’t bring in the masses. Adding forms to HTML was like building Colored Coins on Bitcoin. The vision was there, but the usability wasn’t.
The base layer was insufficient. Developers realized that they needed a new, universal language. Java Script was the answer.
, if you missed it.
Like the internet in 1996, Ethereum is just at the beginning of a massive cycle of innovation.