Ethereum co-founder Vitalik Buterin has shared his vision for maintaining blockchain neutrality through the FOCIL framework. It was a response to concerns about transaction censorship. Summary Vitalik Buterin proposes FOCIL to protect Ethereum from transaction censorship Framework spreads transaction inclusion across 17 proposers per block slot Ameen Soleimani warns FOCIL could expose US validators to…
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Ethereum Foundation’s new co-executive director Tomasz K. Stańczak says Buterin’s proposals are meant to spark discussions and invite scrutiny regarding the network’s future goals and breakthroughs. In a recent post following Buterin’s previous proposal on replacing Ethereum eth3.29%Ethereum Virtual Machine with RISC-V to improve long-term scalability, Stańczak said that under the change in leadership, the Foundation will shift its focus from…
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Ethereum co-founder Vitalik Buterin proposed introducing multidimensional gas pricing. In his latest essay, Buterin proposed eliminating the limitations of the existing commission system using multidimensional gas pricing. The network uses a peer-to-peer model in which all computing processes, including storage, data transfer, and encryption operations, are measured in a single metric, gas. With this approach, various resources…
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Ethereum co-creator Vitalik Buterin proposed a joint idea to improve account abstraction for standard on-chain addresses. Dubbed Ethereum Improvement Proposal (EIP) 7702, the concept would introduce a new transaction method that allows externally owned accounts (EOAs), otherwise known as the defacto Ethereum (ETH) account, to execute smart contract wallet functions. After transactions are completed, EOAs would revert…
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Vitalik Buterin responded to reports of Ethereum community members bemoaning the switch from the old proof-of-work model to a proof-of-stake consensus. Amanda Cassatt, founder, and CEO of web3 marketing studio Serotonin, tweeted that several Ethereum (ETH) proponents were dissatisfied with the network’s current state. Cassatt stressed that the views were not personal and the posts mirrored conversations she…
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Crypto community members speculated on X regarding why Ethereum’s Vitalik Buterin deposited $330,000 in crypto into Railgun’s privacy protocol. On April 15, blockchain monitoring tool Scopescan noted that Ethereum co-creator Vitalik Buterin transferred 100 Ether (ETH) to the defi platform Railgun. The transaction was executed using Buterin’s ENS-tagged wallet, vitalik.eth. Reports claimed Buterin has frequently tapped the…
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