Ethereum is starting to attract the attention of the global mainstream consumer base. Recently, a popular TV show called Silicon Valley introduced its fourth season that is almost entirely based on the theme of decentralized technology and Ethereum.
Over the past few years, various Blockchain networks and projects including Maidsafe introduced the concept of decentralized networks and Internet.
However, the vast majority of these networks failed to introduce and demonstrate their applicability to real world applications, struggling to secure a client base that are willing to actively investigate into the possibility of building decentralized applications on top of a peer to peer protocol.
Banks’ and tech giants’ favorite
Ethereum has become the closest project or Blockchain network to a decentralized network of applications and technologies.
In fact, it is the only public Blockchain network designed specifically for development that are being utilized by multi-billion dollar banks, financial institutions and major technology corporations including JPMorgan and Microsoft.
Silicon Valley Season 4 is all about decentralized tech. Whoop! See phase IV -> “Ethereum-type compute”. pic.twitter.com/2ocHQZJ3qB
— Simon de la Rouviere (@simondlr) March 29, 2017
Recognizing the rapid development of Ethereum in terms of market cap, user and client base, the popular TV Show Silicon Valley introduced Ethereum to its large mainstream audience as an important decentralized network and technology necessary for the development of a new-generation internet and community of useful applications.
In one of the episodes of Silicon Valley Season four, Ethereum-type computing was introduced as the last phase of development in a product roadmap, implying that the Ethereum network is flexible and efficient enough to deploy applications on top of.
More publicity, more Ethereum supporters
As Ethereum gains more exposure through extensive media coverage and feature, its potential to build a truly decentralized network of applications will be showcased globally.
As Cointelegraph reported, the Ethereum Foundation and its development team are working on launching a new version of Ethereum called Metropolis to ensure large-scale companies such as Microsoft or JPMorgan within the Enterprise Ethereum Alliance can build applications in a more flexible ecosystem.
With these upcoming updates, startups such as the the company featured in the TV show Silicon Valley will be able to deploy applications in a more resilient and efficient Ethereum network in the near future.
In three to six month, the foundation also plans on releasing functionality-focused features including smart contracts that can settle fees autonomously, without receiving manual approvals from users, to grant developers in the Ethereum community with more flexibility when building large-scale commercial applications.