World Chain, in collaboration with Tools for Humanity, launches an upgrade titled 'Priority Blockspace for Humans' aimed at improving network efficiency and fairness.
Overview of the Upgrade
The 'Priority Blockspace for Humans' upgrade is focused on prioritizing transactions from verified users, enhancing fairness and efficiency in blockchain operations.
Impact on Blockchain Infrastructure
This initiative may influence similar Ethereum-compatible networks, particularly regarding transaction fee predictability and user access. The project was spearheaded by Tools for Humanity with contributions from R&D firms such as Flashbots and Alchemy.
Future Implications and Outcomes
According to Steven Smith, Vice President at Tools for Humanity, this upgrade could drive increased network participation and reduce transaction volatility. The initiative may result in financial adjustments in token markets and regulatory interest in user prioritization, setting a precedent for employing verified user identity at a protocol level.
In conclusion, World Chain's upgrade marks a significant step towards creating fairer and more efficient blockchain networks that potentially influence various aspects of the cryptocurrency ecosystem.
