The Infinite Garden
Crypto Overview
Overview
Ethereum is a decentralized blockchain platform that introduced smart contract functionality. The platform's native cryptocurrency is ETH (Ether), which is used to pay for transaction fees (gas) and can be staked to secure the network.
Purpose and Utility
ETH serves multiple purposes: it is the native currency required to perform any transaction on the Ethereum network, acts as a store of value, and following the transition to Proof of Stake, can be staked to earn rewards for securing the network. The platform enables the creation of decentralized applications (dApps), non-fungible tokens (NFTs), and various other blockchain-based solutions.
Business Model and Platform Development
Ethereum's business model revolves around providing a platform for decentralized computing. The network has demonstrated consistent development activity, with regular updates and improvements. The most significant recent update was the transition from Proof of Work to Proof of Stake consensus mechanism (The Merge), substantially reducing energy consumption.
Real-World Adoption
Ethereum has achieved widespread adoption, hosting thousands of decentralized applications and serving as the foundation for numerous blockchain projects. It maintains the largest developer community in the cryptocurrency space and processes millions of transactions daily.
Token Distribution
The initial distribution of ETH occurred through a public sale in 2014. The current supply is distributed broadly across millions of addresses, with no single entity controlling a majority of tokens. Network validators must stake 32 ETH to participate in network security.
Crypto Impact
To assign a comfort level investing in The Infinite Garden from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to The Infinite Garden.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.