I just created a poll on Twitter asking… When describing “digital currencies that can be used in Internet native financial instruments” what do you think is the best term to capture the “spirit” of what we are building?
- Open Finance Protocols
- Decentralized Finance
- Money Lego Bricks/Blocks
As Ethereum’s starts to get more adoption and mainstream recognition it feels important to create shared language and understandings about what we are building.
What do you think is the best way to describe Internet native financial instruments for digital currencies and specifically in relation to Ethereum?
I personally voted for Open Finance Protocols.
In my opinion the term is descriptive enough for the general user, plus it invites others (developers, team, and enterprises) to make contributions, because of the “openness” of the underlying systems. And it’s generic enough that it can continue evolve over time and capture the new technologies and protocols that get built into Ethereum.
Plus… it doesn’t include the term “decentralized” in the name