Buterin Evaluates Soneium: New Horizons for Layer-2 Technologies

user avatar

by Giorgi Kostiuk

2 years ago


Vitalik Buterin, a key figure in the Ethereum ecosystem, has shared his opinion on Soneium, a new Layer-2 technology supported by Sony.

Commentary on Soneium

Buterin noted that the discussions surrounding the launch of Soneium showcase the advantages of blockchain technology for businesses and users. The technology enables the establishment of regulatory engagement levels, allowing companies to choose their preferred degree of user involvement.

Addressing Censorship Concerns

Despite some opposition to the network’s censorship policies, Buterin emphasized that the rules are transparent and open to third-party audits. Businesses have the ability to design closed systems to address regulatory issues, while Soneium allows users to conduct transactions at reduced speed, balancing user freedom with regulatory compliance.

Perspectives on Layer-2 Solutions

As competition in the Layer-2 space intensifies, new protocols are emerging. Updates from Kraken with its Ethereum scaling solution Ink, among others, highlight a vibrant ecosystem, where projects like Base Network and Arbitrum are currently leading in transaction volumes.

The discussion about Soneium illustrates how blockchain technologies can meet business needs while maintaining user transparency.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Banks Counter Stablecoin Growth with Higher Deposit Rates

A new working paper reveals that banks can slow the growth of stablecoins by increasing deposit rates.

user avatarLuis Flores

Polygon Labs Completes Acquisition of Coinme

Polygon Labs has finalized its acquisition of Coinme, enhancing its payment capabilities with numerous state licenses.

user avatarArif Mukhtar

Bitcoin Open Interest Sees Slight Decline While Funding Rates Remain Positive

A recent snapshot of the Bitcoin derivatives market revealed that open interest has decreased by 0.69% over the past 24 hours, now standing at 768 billion. Despite this decline, the funding rate remains positive at 0.00035 per eight-hour interval, suggesting that long positions are still willing to pay shorts on perpetual contracts.

user avatarMaria Gutierrez

French Lawmakers Approve Amendment on Crypto Taxation

French lawmakers have approved an amendment to the 2027 budget that changes the taxation of gains when converting cryptocurrencies to stablecoins.

user avatarDavid Robinson

US Spot Ethereum ETFs Face Major Withdrawals Amid Market Shifts

US spot Ethereum ETFs faced net withdrawals of $3.201 billion in mid-October, surpassing Bitcoin fund withdrawals.

user avatarAndrew Smith

Richard Heart Detained in Istanbul Linked to Finnish Tax Investigation

Richard Heart, founder of HEX and PulseChain, has been detained by Turkish authorities in connection with a Finnish tax investigation.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.