Ethereum (ETH) co-creator Vitalik Buterin aims to scale Ethereum to over 100,000 transactions per second (TPS). This target is part of a long-term strategy focusing on improving both Layer 1 and Layer 2 networks. Buterin outlined these objectives in a recent blog post, emphasizing the need for robust scalability while maintaining decentralization and security. Vitalik…
Ethereum News EIP-7781 aims to decrease block times on Ethereum from 12 seconds to 8 seconds. Increased blob capacity will help lower layer-2 network fees. Ethereum’s latest proposal, EIP-7781, was introduced by Illyriad Games co-founder Ben Adams on Oct. 5. The proposal aims to cut block times from 12 seconds to eight seconds. This reduction…
Vitalik Buterin, the co-founder of Ethereum, has put forward a new tax regime for Layer 2 (L2) blockchains. This idea arises in light of the ongoing debate about establishing a more equitable economic system between Ethereum’s L1 and the L2 networks built on top of it. Buterin also pointed out some potential difficulties if such…
Ethereum co-founder Vitalik Buterin announced a change in how he will discuss Layer 2 (L2) projects starting next year. In a Sept. 12 X post, Buterin said he would only publicly recognize L2s that have reached Stage 1 or higher in their decentralization efforts regardless of his investment. He stated: “I take this seriously. Starting…
Vitalik Buterin demands Stage 1+ for Layer 2 projects starting next year. Vitalik’s wallet recently exchanged 190 ETH amid market volatility. Vitalik Buterin, Ethereum’s co-founder, has been at the centre of attention in recent days, both with his significant crypto transactions and his active presence on social media. On his X (formerly Twitter) account, Buterin…
Currently, there’s a lot of debate and discussion over the impact of Layer 2 solutions on the Ethereum ecosystem. The Ethereum blockchain community is sailing through rough waters, with revenue hitting no lows. Discussions have sparked as to how the Layer 2 platforms are taking the lion’s share of revenue while Ethereum mainnet suffers. Are…
Scroll, announced its upcoming token launch raising $50M in the last round of funding. Scroll prominent projects, zkSync and StarkNet reflect the broader trends scaling Ethereum. Scroll, an Ethereum Layer 2 scaling solution utilizing zero-knowledge rollups (ZK-rollups), made headlines with its upcoming token and airdrop launch. As of July 2024, Scroll completed a significant upgrade…
Sony Group and Startale Labs are launching Soneium, a new Ethereum L2 blockchain. Soneium will use optimistic rollup technology, built on the Optimism blockchain ecosystem’s OP Stack. Sony Group, the global conglomerate, is making a major entry into the blockchain space with the announcement of Soneium, a new Ethereum Layer-2 blockchain developed in partnership with…