Crypto:
30627
Bitcoin:
$64.362
% 5.70
BTC Dominance:
%53.7
% 0.12
Market Cap:
$2.34 T
% 5.89
Fear & Greed:
52 / 100
Bitcoin:
$ 64.362
BTC Dominance:
% 53.7
Market Cap:
$2.34 T

Vitalik Buterin Published Article About Ethereum’s Innovation Plans

Vitalik Buterin

Ethereum co-founder Vitalik Buterin shared a blog post the other day expressing his views on adding certain protocols to Ethereum’s code and maintaining them at the top of the blockchain.

Buterin’s specified protocols include the account abstraction protocol ERC-4337 , ZK-EVM’s , private memory pools, pre-compilation of code, and liquid staking.

The founder of Ethereum supported the sanctification of many protocols such as ERC-4337 to Ethereum’s code similar to private memory pools. However, he said it offers a complex trade-off as each will continue to evolve over time.

Along with this, Buterin expressed his concern about the increasing number of liquid staking providers in Ethereum. The Lido staking pool currently controls more than 32% of the staked Ether, which is spread among different validators.

Buterin states that currently the best providers, Lido and Rocket Pool, each have different risks and security mechanisms exist, but these are insufficient.

The founder, rather than relying on moral pressure to encourage the use of various staking providers, is thinking about making changes to make liquid staking in the Ethereum protocol decentralized.

This could mean fine-tuning for RocketPool or granting additional governance powers to a randomly sampled committee of small stakers.


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What is Ethereum?

Ethereum is the second largest cryptocurrency in terms of market value after Bitcoin, launched in 2013 and launched in 2015. But Ethereum is not just a digital currency like bitcoin. Ethereum was proposed by Vitalik Buterin as a next-generation blockchain.

Vitalik Buterin chose the name Ethereum inspired by science fiction novels. He explains this situation as follows: “When I saw this name, I realized that it sounded much more beautiful to me compared to other alternative names. I think this is because the Ethereum word is pleasing to the ear and contains the word ‘ether’. Ether is a theoretical phenomenon that permeates the universe and allows the movement of light.”

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