Danny Ryan's opening speech yesterday was much more interesting than discussing Ethereum technology. He believes that: Wall Street needs decentralization more than you imagine, and Ethereum is the only answer Danny was originally a core researcher at the Ethereum Foundation, but with the foundation's restructuring, he co founded Etherealize to promote the implementation of Ethereum in enterprises. In this speech at Devconnect ARG, he surprisingly ranked ahead of Vitalik, indicating the level of importance that Ethereum places on enterprise level implementation. He put forward some counterintuitive viewpoints, such as: >Wall Street actually has a strong demand for decentralization. He also elaborated on specific reasons, such as: one ️⃣ Eliminating Counterparty Risk: One of the most important perspectives for institutions is' Who will pit me? 'From counterparties to affiliated banks to infrastructure, there are risks at every level. The decentralization and Credible Neutrality of the infrastructure layer can greatly reduce or even eliminate this risk. two ️⃣ Uptime: This is crucial. They demand a 100% online rate. Ethereum is able to achieve this precisely because there are over a dozen clients and thousands of nodes running. This is not accidental, but a deliberate design. three ️⃣ Scarce of Crypto Economic Security: Only a very small number of decentralized systems in the world can withstand the security of "trillion level" asset classes. I am not referring to the hundreds of dollars held by countless retail investors, but to the global assets totaling billions of dollars. You can't just launch a system tomorrow and have this level of security. Ethereum possesses this scarce resource. four ️⃣ Mature application layer: Ethereum has been running for ten years. If you talk to banks, as long as they have some understanding of blockchain internally, it refers to EVM and Solidity. They need mature security standards and application standards, not the latest popular software that will only appear tomorrow. five ️⃣ Privacy: This is something I value very much. Establishing privacy for institutions is the 'Trojan horse' that drives the overall privacy narrative of blockchain. For institutional adoption, privacy is a ticket to entry (Table Stakes), rather than a cool feature that adds icing on the cake. If privacy issues are not addressed, market upgrading cannot be discussed. Because when institution A and institution B trade, they cannot directly expose their positions, which is not in line with market operating rules. Fortunately, Ethereum has invested billions of dollars in the field of applied cryptography, especially zero knowledge proofs (ZK), and our investment in scalability has unexpectedly brought a dividend in privacy protection. six ️⃣ Network effects and liquidity: Capital tends to flow towards places where capital accumulates. With the widespread adoption of stablecoins, Ethereum is far ahead in this regard. seven ️⃣ Modular infrastructure (Layer 2): This is very important. When I explained Layer 2 to the institution, they were very receptive. The bank hopes to build systems that can be customized and expanded, but also hopes that these systems can be connected to the value Internet of Ethereum. He also answered some interesting and specific questions, refer to: https://substack.chainfeeds.xyz/p/danny-ryan