Ethereum is once again experiencing a pullback!

In this year, despite many bullish factors such as upgrade benefits, the ETF approval, and V God's endorsement, Ethereum seems to still struggle to gain momentum. Once considered as the king of public chains, Ethereum was regarded as a premium symbol that could be invested even with one's eyes closed. However, it is now being despised by investors.

So, does Ethereum still have any value? We need to find the answer from what Ethereum aims to accomplish and its development process.

Some friends might not be familiar with the development of Ethereum, so let me briefly recap from the beginning.

First of all, Ethereum's overall vision is different from Bitcoin. Its vision is to become a decentralized world supercomputer and a global computing platform.

The concept of Ethereum was proposed by its core developer, V God, in 2013. V God is considered a technical genius.

In 2014, V God released the Ethereum whitepaper, which covers the goals, ideas, and visions of Ethereum.

In July 2015, the Ethereum mainnet was officially launched, marking the beginning of the public chain battle in the cryptocurrency market. Many major public chains can be traced back to Ethereum, which paved the way for numerous imitations.

At that time, there was an investment organization called "DAO", which held a large amount of ethereum, but unfortunately was stolen by hackers. Therefore, V God proposed a hard fork on ethereum, so that the hacker's stolen transaction records could be rolled back, rendering the transaction invalid.

After the hard fork, the old ethereum public chain became ETC, while most of the developers led by V God moved to the new chain ETH, which is what we see as ETH today.

In 2017, ethereum developed smart contracts, one of the core functions being the 'one-click issuance of tokens', bringing a new way to the crypto market. Suddenly, numerous decentralized tokens emerged.

However, halfway through, due to the popularity of a crypto cat game (the earliest prototype of NFT), the ethereum network became congested and collapsed. Therefore, V God proposed sharding technology to achieve ethereum's scalability.

Between 2018 and 2019, ethereum continued to undergo technical updates. By 2019, the concept of Defi emerged, and ethereum also upgraded to version 2.0.

In 2020, the crypto market, accompanied by the Defi summer, ushered in a booming bull market. In 2021, NFTs exploded across the board.

This bull market wave fully demonstrates the real-world value of ethereum, transforming it from the state of producing numerous ICO copycat tokens to a public chain with actual financial applications.

Through the growth history of ethereum mentioned above, we can clearly see the close connection between ethereum's rise and the two significant bull markets in the crypto industry.

If Bitcoin occupies the top position in the coin circle, then Ethereum is undoubtedly the second in the coin circle.

The wisdom of the Chinese ancestors has long pointed out the truth: The Tao gives birth to one, one gives birth to two, two gives birth to three, and three gives birth to everything.

It is precisely because of the technological breakthroughs and innovations of Ethereum that the coin circle has flourished and prospered, and it is certain that there will be many projects with application value emerging in the future.

Through our deep cultivation, focus, and research in the industry, we have the opportunity to become investors behind future giant companies!

In the opening of the article, I mentioned that Ethereum used to be an investment cryptocurrency that you could close your eyes and invest in. Perhaps this is one of the reasons why it has not risen in this bull market.

So, in this bull market, with the gradual implementation of Ethereum's sharding technology, what surprises will it bring us?

Those who are wise will take the lead and seize the opportunity, which is truly exciting!