• 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

Sabadell Joins European Banking Consortium for Stablecoin Initiative

chest

Spanish bank Sabadell has joined the Qivalis consortium aimed at launching a Europe-pegged stablecoin.

user avatarBayarjavkhlan Ganbaatar

Ripple CEO Highlights Critical Hearing for CLARITY Act's Future

chest

Ripple CEO Brad Garlinghouse emphasizes the importance of the upcoming Senate Banking Committee hearing for the CLARITY Act's progress.

user avatarMohamed Farouk

Bitcoin Holds Steady Above 80,000 as Market Recovery is Tested

chest

Bitcoin's price remains above 80,000, indicating a recovery from March lows, with differing behaviors observed among large holders.

user avatarElias Mukuru

Gerstein Harrow LLP Files Restraining Notice Over Ethereum Linked to Kelp DAO Hack

chest

Gerstein Harrow LLP has filed a restraining notice in a New York district court, claiming legal rights to approximately 30,766 Ethereum frozen after the Kelp DAO hack.

user avatarDiego Alvarez

Aave Takes Legal Action to Release Frozen Ethereum in Kelp DAO Hack Case

chest

Aave has filed an emergency motion in a New York district court to vacate a restraining notice blocking the Arbitrum DAO from accessing approximately 30,766 Ethereum frozen after the Kelp DAO hack.

user avatarKenji Takahashi

World Liberty Financial Sues Justin Sun for Defamation

chest

World Liberty Financial has filed a defamation lawsuit against Justin Sun, accusing him of orchestrating a smear campaign to damage the company's reputation and manipulate token prices.

user avatarMaria Fernandez

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.