Ethereum

Based

Vision

Bitcoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Vitalik Buterin suggests methods to increase Ethereum transaction speeds.</li>
 <li>Ethereum’s price continues to struggle amidst negative market sentiment.</li>
</ul>
<p>Vitalik Buterin, the founder of <a href="https://coineagle.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a>, has put forward several suggestions aimed at increasing the speed of transaction confirmations on the blockchain network.</p>
<h2 id="buterin-s-proposals">Buterin’s Proposals</h2>
<p>Following the Merge, the confirmation time on the Ethereum network has decreased to between 5-20 seconds. However, Buterin believes that further improvements are necessary, as the current consensus mechanism can take up to 12.8 minutes for a ‘secure’ final confirmation.</p>
<p>To address this, Buterin has proposed several methods, including SSF (Single Slot Finality), Based, and rollup pre-confirmations. With SSF, transactions can be confirmed even when fewer validators are online. He explained that “Single-slot finality allows the chain to keep going and recover if more than 1/3 of validators go offline.”</p>
<h2 id="additional-suggestions">Additional Suggestions</h2>
<p>Buterin also recommended the use of Layer 2s (L2s) to speed up transaction confirmations. Under this system, rollups would use a few groups of validators to quickly confirm transactions, which are later finalized on the main chain, the Ethereum layer (L1).</p>
<p>The Based pre-confirmations approach, similar to Solana’s [SOL] priority fees, allows validators to charge an additional fee for quicker confirmation of high-priority transactions. Buterin suggested a similar system but with a penalty for validators or proposers who fail to honor agreements with users. He noted, “If the proposer violates any promise that they make to any user, they can get slashed.”</p>
<p>Despite acknowledging that these proposals are not perfect, Buterin believes they provide a solid foundation for further improvements to increase confirmation speeds.</p>
<h2 id="ethereum-s-price-struggles">Ethereum’s Price Struggles</h2>
<p>In the meantime, Ethereum’s price has not been ‘speeding’ up. The cryptocurrency has had difficulty surpassing the 50-day EMA (Exponential Moving Average), a key resistance point since late June. Both higher and lower timeframe market structures were bearish, and the RSI (Relative Strength Index) indicated that sellers had market leverage.</p>
<p>The price retracement has eased to a key support level at $3300. However, the delayed final approval and launch of the ETH ETF could further dampen market sentiment. If <a href="https://coineagle.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> continues to post losses below $60K, Ethereum could drop below the $3300 support level. In such a scenario, the next bearish target could be the 200-day EMA, which is nearly $3000. On the other hand, the $4000 level remains a key supply zone and bullish target if market sentiment swings in favor of Ethereum.</p>

Is Ethereum Gearing Up for a Speed Boost? Vitalik Buterin’s Latest Vision

목차

CoinEagle.com

2024년 7월 4일에 게재된 다른 기사

Orbs Liquidity Hub Launches on Fenix Finance to Transform Blast Liquidity (4 Jul)

IRS unveils new crypto tax rules: Are they a good thing?

Arbitrum Maintains High Activity Levels

Ethereum ETFs Approvals Reach Final Stages, Expected in Weeks — Galaxy Digital

Bitcoin Fundamentals Remain Strong Despite Bearish Sentiment, Says Analyst

German MP Urges Government to Stop Selling Bitcoin

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!