• 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

Stablecoins Drive Demand for US Treasury Bills

chest

Stablecoins are significantly impacting US Treasury markets by holding substantial amounts of Treasury bills, driving demand and potentially lowering borrowing costs.

user avatarMohamed Farouk

Optimism's Governance and Funding Structure.

chest

Optimism's governance structure separates economic power from technical decision-making, promoting ecosystem health.

user avatarElias Mukuru

Starmax Revolutionizes Loyalty Programs with Pi Integration

chest

Starmax is transforming customer loyalty programs by allowing merchants to create digital reward systems using Pi as both currency and reward, enhancing engagement and simplifying management.

user avatarMaria Fernandez

Avalanche Blockchain Revolutionizes Global Payment Solutions

chest

Avalanche is gaining traction among major financial institutions for its capabilities in stablecoin and tokenized payment settlements, enhancing transaction efficiency and reducing costs.

user avatarGustavo Mendoza

YO Labs Raises $10 Million in Series A Funding to Improve YO Protocol.

chest

YO Labs has raised $10 million in Series A funding to enhance the YO Protocol's multichain capabilities and risk assessment features.

user avatarDiego Alvarez

YO Protocol Achieves Significant Milestones with $80 Million in Total Value Locked.

chest

YO Protocol has achieved significant milestones, managing over $80 million in total value locked and generating more than $267 million in yields for its users.

user avatarKenji Takahashi

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.