• 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

Google's UCP Set to Enhance Consumer Experience with AI Integration

chest

Google is set to integrate the Universal Commerce Protocol (UCP) into its consumer-facing products, enhancing the shopping experience with AI-powered recommendations and direct checkout.

user avatarMaria Fernandez

Google's UCP Aims to Foster Competitive AI Commerce Landscape

chest

Google's Universal Commerce Protocol (UCP) aims to ensure interoperability among AI agent protocols, fostering a competitive ecosystem and helping retailers manage AI integrations effectively.

user avatarKenji Takahashi

Google Introduces Universal Commerce Protocol to Revolutionize Ecommerce

chest

Google has introduced the Universal Commerce Protocol (UCP), an open standard aimed at revolutionizing AI-driven shopping experiences.

user avatarGustavo Mendoza

Sei Network Warns Users Ahead of Major Transition

chest

The Sei Network is transitioning to an EVMonly chain in March, urging users to migrate their USDCn assets to avoid potential losses.

user avatarLuis Flores

Flash Loan Attack Drains 240,000 WSEI Tokens from Sei Network

chest

A flash loan attack on the Sei Network drained approximately 240,000 worth of WSEI tokens from the Synnax contract.

user avatarRajesh Kumar

UAE Government Takes Bold Step in Bitcoin Mining

chest

The UAE government has officially announced its sponsorship of Bitcoin mining operations, utilizing the nation's substantial supply of natural gas.

user avatarMiguel Rodriguez

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.