A sector of the Ethereum community is concerned that the effective leadership crisis within the network would be affecting the price of Ether (ETH). Days after the highest moment of the debate, Vitalik Butein, the creator of the network, shared in a blog some plans to climb Ethereum and protect the price of cryptocurrency.
According to Ethereum’s creatorseveral solutions could produce improvement in Ethereum’s economy. One of them is give more importance to Ether in the economy of the main network and second layers of the network.
Consolidate ETH as the main asset of the Ethereum economy (L1 + L2), support applications that use ETH as the main guarantee, etc.
Vitalik Butein, creator of Ethereum.
Another solution is to encourage the use of ETH, through the second layers (L2), With a percentage of commissions. “This could be done by burning a part of the commissions, doing staking permanently and donating profits to the public goods of the Ethereum ecosystem,” Btterin wrote. These commissions would be imposed on layers 2 to support the main network.
The third idea to promote an improvement in Ethereum’s economy is to support the use of ROLLUPS capable of giving contributions to the main network through the MEV (maximum removable value).
Calls BASED ROLLUPS, These second -layer solutions can take advantage of the transactions sequencing capabilities of the main chain (L1) on which they are built. The maximum value, on the other hand, refers to the profits that Ethereum validates can obtain optimizing the order of transactions within a block. According to Vitalik, give greater support to this kind of ROLLUPS It can help in capturing this value to the main network.
Support for Based Rollups They are partly a way for L1 to capture value through MEV, but do not try to force all the rollups to be like this (because it does not work for all applications) and you do not assume that this will only solve the problem .
Vitalik Butein, creator of Ethereum.
Finally, the creator of Ethereum considers that it is a real possibility to increase the amount of BLOBS (great binary objects). The BLOBS They are data units that can be added to Ethereum blocks to improve the scalability and network efficiency. As these are temporary data, they occupy less space and demand less work from the network.
If these blobs are placed minimal prices, says Vitalik, they could function as an extra source of income in Ethereum. Users who want to improve the efficiency of their network transactions could pay extra for each blob. This would produce more profits in the Ethereum Network, and would give greater availability of coins to be burned.
Increase Blobs count, consider a minimum price of blobs and keep the blobs as another possible income generator. As an example of a possible future, if you take the average Blobs rate of the last 30 days and supply that it remains the same (due to the induced demand) while the Blobs count increases to 128, then Ethereum would burn 713 000 eth per year. However, such a favorable demand curve is not guaranteed, so it does not suppose that this will solve the problem.
Vitalik Butein, creator of Ethereum.
Vitalik reacts to the concern of the community
Part of the current concern around Ethereum is that, they feel members of the community, the foundation and the developers of the network core do not seem to get too involved in the use of the DEFI protocols and the digital assets that they themselves believe. This would be changing, however, as cryptoics reported.
The initial concern from which the previous one is derived is that the Ethereum Foundation prioritized the direct sale of Ethers to finance, instead of prioritizing staking protocols and other ways to cover its expenses that do not imply the sale of the network coins. The nonconformity of the community lies in which these sales would be excessively affecting the Ether price.
Vitalik Buterin, in his post, made a wink to complaints that imply that developers do not use Ethereum, clarifying that this is a social technology that millions of people use, he included.
Ethereum does useful things for people, on a large scale. Millions of people have ETH or stable currencies as a form of savings, and many more use these assets for payments: I am one of them. ”
Vitalik Butein, creator of Ethereum.
Then, it went on to enumerate the characteristics of Ethereun a globally useful social technology:
“[Ethereum] It has effective and functional privacy tools that I use when paying the VPNs to protect my Internet data. It has Ens, a decentralized alternative robust the DNS and, in more general terms, to the public key infrastructure. It has functional and easy -to -use Twitter alternatives. He has defi tools that offer millions of low -risk active people than those who can access in tradfi [finanzas tradicionales]” The square brackets are from the author.
VITALIK BUTERIN, creator of Ethereum
The concerns of the community would have reached such an extent that certain characters announced the creation of a second Ethereum Foundation. However, Konstantin Lomashu, the person who was attributed to the initiative of “bifurcar” the governance of the network, He denied being presided A new organism of leadership within the community.
