TCP/IP (5 of 7)
Ethereum's technical specification potentiates uncountable codable possibilities. This potential seems especially striking in the realm of programmable finance. Ethereum's native currency and its computational dynamics invite innovative (and sometimes risky) financial experiments. In a sense, this makes Ethereum more like a kind of generic protocol on which new systems are built. Much as TCP/IP forms the fundamental basis of information transfer on our present internet, by analogy Ethereum may serve that core architectural purpose for programmable, digital value. This piece illustrates this in a deceptively simple diagram. Using data from Coin Metrics, it illustrates several...