The Ethereum network has become the center of discussions after Justin Sun proposed significant changes.
Proposals for Improving Ethereum Foundation's Operations
Justin Sun raised concerns about the Ethereum Foundation's sale of 4,666 ETH and suggested halting ETH sales temporarily. He rolled out a plan highlighting DeFi tools for funding its programs. Sun emphasized storing funds in staking deposits for accruing profits and ensuring stable network growth.
Debates on Layer-2 Taxation
The proposal to impose taxes on all Layer-2 services on Ethereum was among the boldest. Sun estimated this could bring the foundation $5 billion annually. Revenue from these taxes could be used to buy back and reduce overall ETH supply. Detractors worry this may stifle innovation and business development within the Ethereum ecosystem.
Focus on Building Layer-1 for Ethereum's Future
Sun advocates focusing on enhancing Ethereum's main layer, aiming for improvements in scalability, security, and global reach. The network's challenges with high load and fees demand solutions that, according to Sun, will help Ethereum maintain its status against emerging blockchain competitors.
Justin Sun's proposals have sparked wide reactions within the Ethereum community, potentially reshaping the network's future to become more sustainable and competitive.
