• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: Vitalik Buterin Unveils Revolutionary Optimism Superchain for Ethereum Layer-2
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Altcoin News > Vitalik Buterin Unveils Revolutionary Optimism Superchain for Ethereum Layer-2
Altcoin News

Vitalik Buterin Unveils Revolutionary Optimism Superchain for Ethereum Layer-2

vitalclick
Last updated: October 5, 2024 7:18 pm
6 months ago
Share
SHARE

Contents
SuperchainERC20 UpdateEffective Cooperation and Ecosystem AssociationAdditional Strategic Developments

Ethereum $2,423 co-founder Vitalik Buterin supported a major update to the SuperchainERC20 protocol by Optimism. This update, whose details were recently announced via a pull request made by Optimism on GitHub, introduces a new cross-chain interface, enabling greater collaboration between Ethereum infrastructure units and aims to create a more unified ecosystem.

SuperchainERC20 Update

The updated protocol introduces a new bridge and ICrosschainERC20 interface called SuperchainERC20Bridge. This change aims to increase Ethereum’s scalability and interconnectability across many layer-2 solutions. Existing send and relay functions will be migrated to SuperchainERC20Bridge.

Effective Cooperation and Ecosystem Association

Vitalik Buterin praised the cooperation between Ethereum infrastructure players. Thanks to the update, greater harmony in the Ethereum ecosystem is expected. These developments aim to increase the overall performance of the network by strengthening the interoperability of different layer-2 solutions.

“I think people don’t realize how willing Ethereum infrastructure players are to work together and build a unified Ethereum ecosystem.”

Additional Strategic Developments

Buterin suggested reducing the minimum staking requirement to increase Ethereum’s inclusiveness. This aims to support the scalability of the network by removing barriers to entry into the staking process. He also proposed the concept of ‘Ethereum harmony’, which encourages value, technical and economic coordination among the Ethereum community.

Besides this, Buterin brought up the implementation of economic models such as the Harberger tax on Ethereum Layer-2 blockchains. He believes that such models can help maintain a fair economic balance within the ecosystem.

These updates and recommendations are made amid expectations of the upcoming ETH price increase, and are aimed at strengthening Ethereum’s network structure and making it user-friendly.

These developments in the Ethereum ecosystem aim to contribute to the future growth and ease of use of the network. Buterin’s recommendations aim to support the overall sustainability of the network by enabling a broader user base to adopt the Ethereum network.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

You Might Also Like

Dogecoin (DOGE) Became the Star of October 18

Crypto Analyst Announces Astonishing 2025 Target for Dogecoin

Ripple CEO Brad Garlinghouse and Latest Statements

New Target Given in Popular Altcoin! 810 Percent Rise Expectation!

Did the Ethereum price hit the bottom? Here are the latest data

TAGGED:Altcoin
Share This Article
Facebook Twitter Email Print
Previous Article Will BTC Break Through Soon?
Next Article Investor Confidence Soars as Bullish Sentiment Fuels Crypto Accumulation
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?