October 5th, 2021

Please consider this as a work of hard science fiction. I had written present tense prose (from 2025’s perspective), but had to rework this post to add in some future tense (i.e. 2021 perspective) for context so it has turned out to be a total mess! So, it’s a terrible work of fiction, but certainly more informative than it was before.

Ethereum is the global settlement layer. Or more technically, the global security and data availability layer.

There’s a flourishing ecosystem of external execution layers like rollups and volitions building on Ethereum. This is where all the users and dApps are.