• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Vitalik Buterin Says Ethereum Future Is Bright, Calls on ETH Community To Double Down on Layer-2s

January 27, 2025
in Ethereum
Reading Time: 2min read
0 0
A A
0
Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins
0
SHARES
4
VIEWS
ShareShareShareShareShare

Ethereum creator Vitalik Buterin says the ETH community should be doubling down on layer-2 scaling solutions to strengthen its ecosystem.

In a new blog post, Buterin says that it would be a mistake to give up on layer-2s and that developers should instead continue to focus on interoperability, security and blob transactions.

Blobs – which stand for Binary Large Objects – were introduced in the EIP-4844 update and aim to reduce Ethereum’s gas fees by allowing nodes to only temporarily store data for 18 days, thus making the chain more efficient and scalable.

While some have argued that the proliferation of layer-2 solutions hurts the value of ETH since it pulls activity away from Ethereum’s mainnet, Buterin says layer-2s are allowing massive waves of new apps and innovation to exist.

“Today, the path that we are taking to scale Ethereum is layer 2 protocols (L2s). The L2s of 2025 are a far cry from the early experiments they were in 2019: they have reached key decentralization milestones, they are securing billions of dollars of value, and they are currently scaling Ethereum’s transaction capacity by a factor of 17x, dropping fees by a similar amount…

These successes are also a testament to the social side of Ethereum’s decentralized and modular approach to scaling: instead of the Ethereum Foundation having to seek out all of these users itself, there are dozens of independent entities who are motivated to do so. These entities have also made crucial contributions to the technology, without which Ethereum would not be anywhere close to as far as it is today. And as a result, we are finally approaching escape velocity.”

Buterin says that Ethereum’s “future is bright,” but that “there is a lot of work to be done, and now is the time to double down.”

At time of writing, ETH is trading at $3,044, down nearly 7% on the day.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney


Credit: Source link

ShareTweetSendPinShare
Previous Post

Bollinger Bands Tighten On XRP Daily Chart – Major Price Move Ahead?

Next Post

How To Create A Coin Like XRP And Get Rich: Expert

Next Post

How To Create A Coin Like XRP And Get Rich: Expert

You might also like

Solana Price Prediction: SOL Just Reclaimed a Critical Level — Is $100 Back in Play?

Solana Price Prediction: SOL Just Reclaimed a Critical Level — Is $100 Back in Play?

March 3, 2026
Bitcoin To $750K? Arthur Hayes Drops Bold 2026 Price Prediction Amid Iran War

Bitcoin To $750K? Arthur Hayes Drops Bold 2026 Price Prediction Amid Iran War

March 5, 2026
Uniswap (UNI) Price Rallies 6.53% – Is Now the Time to Buy? Comprehensive Analysis & Trading Insights

UNI Price Prediction: Targets $4.15 by End of March 2026

March 8, 2026
HBAR Price Prediction: Targeting $0.30 by December 2025 as Hedera Tests Critical Breakout Level

HBAR Price Prediction: Hedera Eyes $0.12 Recovery After Testing Critical Support at $0.10

March 7, 2026
Why XRP’s Long-Term Vision Lies In The Internet Of Value Stack

Why XRP’s Long-Term Vision Lies In The Internet Of Value Stack

March 9, 2026
Uniswap (UNI) Price Rallies 6.53% – Is Now the Time to Buy? Comprehensive Analysis & Trading Insights

PEPE Price Prediction: Oversold Conditions Signal Potential Recovery Ahead

March 7, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

CGV Leads Expansion in Bitcoin Wallet Sector with UniSat Investment

Avalanche Foundation Opens $40M Retro9000 C-Chain Grants for AVAX Builders

March 9, 2026
Crypto Price Prediction Today 9 March – XRP, Solana, PEPE

Crypto Price Prediction Today 9 March – XRP, Solana, PEPE

March 9, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.