Vitalik Buterin, co-founder of Ethereum $3,414, has made significant observations and recommendations regarding the scaling plans of the Ethereum network. He emphasized that the network’s main asset, Ether (ETH ($3,398.29)), should be the cornerstone around which these plans are structured. Buterin argued for the essential mechanisms that would enable Layer-2 networks to contribute economically to the value of ETH, while also stressing the need for innovative revenue models to enhance Ethereum’s long-term value.
ETH’s Market Performance and Competition
Buterin called for support for the Ethereum Foundation, which has faced criticism over ETH’s relatively weak performance in market value and user interest compared to its competitors. While Bitcoin $105,507<…>
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