• 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

10 months 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

LayerZero's OFT Standard Revolutionizes Crosschain Asset Liquidity

chest

LayerZero's Omnichain Fungible Token (OFT) standard enables seamless transfer of over 400 tokens across various blockchain networks, enhancing liquidity and reducing asset fragmentation.

user avatarAisha Farooq

IOTA Mainnet Integrates with LayerZero and Stargate for Enhanced Interoperability

chest

The IOTA Mainnet has successfully integrated with LayerZero and Stargate, enabling connections to over 150 blockchain networks.

user avatarTenzin Dorje

XBOcom Introduces 24/7 Trading of Tokenized Stocks

chest

XBOcom has introduced tokenized stocks on its Spot Trading platform, allowing crypto traders to access major equities around the clock.

user avatarBayarjavkhlan Ganbaatar

Uber's Robotaxi Launch Boosts Investor Confidence

chest

Uber's stock has risen following the announcement of the new robotaxi service, reflecting investor confidence in the company's expansion strategy.

user avatarElias Mukuru

Uber Launches Robotaxi Service in Dallas

chest

Uber has launched a robotaxi service in Dallas in collaboration with Avride, featuring modified Hyundai Ioniq 5 vehicles with human safety drivers.

user avatarDiego Alvarez

Oak Mining Launches Innovative Cloud Mining Service

chest

Oak Mining has launched a revolutionary cloud mining service that allows users to earn passive income without the need for expensive hardware.

user avatarMohamed Farouk

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.