iEthereum is pretty genius if you ask me. In many regards, iEthereum is no different than many other ERC20 tokens. However, I believe there is one small difference that makes it stand out. At its “core,” there lies genius-ness that supersedes technology and incorporates business sense.
Most developers or institutions looking to develop on the Ethereum blockchain look at the code and network and imagine what could be possible to be built on top of the Ethereum network. They spend a lot of time, energy and resources building out specific use cases and complex code.
I can do this, we can do that. Why don’t we build this utility? What if we applied this function to the code?
All great ideas, I am sure. But who just paused one second and said, “What if we were to take the new and successful digital commodity known as Ethereum, tokenize it, and place it on the Ethereum network as a stand alone. Let’s not do anything to it. Lets call it the HumandStandardToken. Lets create iEthereum.”
“We can’t be everything. Why do we even try. Let us be a solid well audited, trusted, safe, secure, immutable, opensource P2P cryptocurrency that allows others to build upon via our own token factory. Just like Ethereum but a better more efficient foundation. If we can not be everything, why not create a token called iEthereum that can be everything for everyone else’s needs or wants. We provide the platform for other developers and institutions to spend their own capital and resources to build what they want. This will allow the industry and markets to mature on someone else’s dollars and dimes.”
I used to work at a vineyard and winery. The owner once told me “that if you count your nickels and dimes; the dollars will be there when you need them.”
This article explores the myriad of benefits of tokenizing Ethereum itself and placing these Human Standard Tokens on the Ethereum blockchain while shedding light on the potential positive impact on the world. In addition, we also speculate by highlighting the value added benefit if Apple were the geniuses behind this concept in creating iEthereum.
Tokenization, the process of converting real-world assets into digital tokens on a blockchain, has gained significant traction in recent years. Ethereum, a pioneering blockchain platform, has been at the forefront of this revolution.