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Ethereum Can Speed Up Without Compromising Values: Paradigm

Ethereum Can Speed Up Without Compromising Values: Paradigm

According to Paradigm, Ethereum developers should upgrade the protocol more frequently to effectively implement its “ambitious roadmap.”

According to cryptocurrency venture capital firm Paradigm, ETH developers could modify additional protocols to adapt to shifting market dynamics without affecting cryptocurrency prices.

According to a blog post published on January 25, Paradigm stated, “We believe Ethereum’s core protocol could be improving much faster.” “ETH can accelerate towards several high-impact improvements today without compromising its principles.”

In the past, ETH has deployed roughly one update annually. Ethereum is capable of more,” it continued.

Paradigm admitted that it is “tempting” to become involved in discussing whether ETH should emphasize its base layer or layer two networks, decentralization or efficiency, and many other design choices.

“Discussions about tradeoffs in values might be premature,” according to Paradigm, and they could result in rigidity.

It further stated, “Ethereum has the resources it needs—amazing engineers and researchers ready to build the future.”

“Empowering them with a mandate to move faster, and in parallel, will enable Ethereum to solve problems faster and avoid getting bogged down in premature debates.”

Decentralization, transparency, and maintaining credibility are among ETH’s fundamental principles.

However, according to paradigm, the “most important thing” ETH can do to advance blockchain technology and “deliver on its ambitious roadmap” is to make further protocol updates.

It asserted that shipping speed shouldn’t be sacrificed for client diversity advancements, allowing developers to test new ideas on the Ethereum testnet Reth.

Source: Georgios Konstantopoulos
Source: Georgios Konstantopoulos

On the day of Paradigm’s post, numerous Ethereum layer two executives decided to implement “native” rollups, allowing ETH layer 2s to inherit security from the base layer.

The venture capital firm wants to see improvements in wallet infrastructure to make the user experience easier and allow the Ethereum mainnet to grow without changing the block gas limit.

Removing the requirement for users to retain their private keys would be one aspect of that enhancement.

In the meantime, the Ethereum Foundation announced that it would contribute $160 million, or 50,000 Ether, to the decentralized finance ecosystem of ETH.

Buterin had declared three days earlier that the nonprofit would reform its structure to assist developers better and increase community openness.

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