• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum Protocol Changes: Paradigm Urges Acceleration

user avatar

by Giorgi Kostiuk

a year ago

Paradigm, a crypto venture capital firm, has suggested speeding up changes to the Ethereum protocol to keep it relevant and innovative.

Ethereum Protocol: Need for Changes

In a blog post dated January 25, Paradigm noted that Ethereum's core protocol could evolve faster without compromising its core values. Historically, Ethereum implemented changes about once a year. The firm calls for more, maintaining decentralization and openness.

We think Ethereum’s core protocol could be improving much faster.

Supporting Layer 2 and Innovations

Paradigm expressed a desire for Ethereum Layer 2 networks to inherit security from the base layer through 'native' rollups. This is intended to help scale the network without changing the block gas limit. The firm also proposed improving wallet infrastructure to simplify user experience.

Current Initiatives and Community Support

The Ethereum Foundation plans to allocate 50,000 ETH to support Ethereum's decentralized finance ecosystem and implement changes to actively support developers and provide transparency. These steps aim to strengthen Ethereum's potential and accelerate its development.

Paradigm's proposals could significantly accelerate Ethereum's development without compromising its core values. The community awaits how these proposals will be implemented in practice.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Taylor Lindman Appointed as Chief Counsel of SEC Crypto Task Force

chest

Taylor Lindman has been appointed as the new Chief Counsel of the SEC's Crypto Task Force, focusing on compliance and legal guidance for digital assets.

user avatarJacob Williams

Potential Changes in Bitcoin Derivatives Markets Following CLARITY Act

chest

Market expert MartyParty highlights that the CLARITY Act could lead to significant changes in Bitcoin derivatives markets, enhancing CFTC authority and encouraging institutional participation.

user avatarZainab Kamara

Crypto Investment Funds Face Continued Outflows Amid Market Slowdown

chest

Crypto investment funds have faced a fifth consecutive week of net outflows, totaling approximately $4 billion over five weeks, with a significant decline in trading activity.

user avatarAyman Ben Youssef

Blockchain Association Unveils New Tax Principles for Digital Assets

chest

The Blockchain Association has introduced a framework to guide lawmakers on digital asset taxation as discussions around the CLARITY Act continue.

user avatarSon Min-ho

Market Leverage Ratio Declines, Indicating Reduced Speculative Positioning

chest

The Estimated Leverage Ratio in the crypto derivatives market has sharply declined, suggesting a reduction in speculative positioning and a calmer market environment.

user avatarTando Nkube

Castle Labs Warns of Overbuilt Crypto Market

chest

Castle Labs warns that the cryptocurrency market is overbuilt, with most tokens likely to lose value unless they demonstrate real business traction.

user avatarKofi Adjeman

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.