There has been a relief news for Etreum amidst the continuous negative trends. Independent developers of Ethereum Ecosystem have launched a new Layer 2 Rollup Resolution to solve its scaling problem, named Ethereum R1. This new Layer 2 will be completely funded by donation. Along with this, the developers have clarified that there will be no token of this.
What is the purpose of Ethereum R1 Layer 2 RLLUP Resolution
According to developers, currently Ethereum But whatever layer 2 blockchain is working is like a new layer instead of its scaling solution. Due to private honorship, opck governance and centralized leadership, they have turned into private cartel instead of a commodity. The developers of Ethereum R1 just want to develop it like a normal commodity, on which any developer can do his work without any censorship and take advantage of Etreum’s security and privacy.
How Ethereum R1 is different from the second Ethereum Layer 2 Blockchains
Most Layer 2 Blockchains made on Ethereum are their tokens of Optimism, such as polygon, arbitrum, optimism. Their ownership itself controls the governance and planning of blockchains. Apart from all these other scalability answers, Ethereum R1 will work only on any token, private cell and dontion of centralized leadership. Due to which its neutrality will remain. The developers have clarified that all its fees will be burnt by 2030. So that its community ownership remains in the true sense.
Can Ethereum R1 be game Chainser
Ethereum is constantly struggling with its internal problem such as slow transaction speed, high gas fees and low scalability. Due to which the market sentiment is becoming weak for this. Currently, the market share ratio of Ethereum and Bitcoin is at the last 5 -year low level. This scalability solution that came in such a difficult time will definitely bring positive sentiments in the market for Etreum. Ethereum R1, Vitalik Buterin rebules the recent statement in which he said that Good thinking only Etreum App can improve the layer,
Conclusion
Ethereum R1 is a Layer 2 RLLUP Resolution that wants to solve the scalability problems of Ethereum without any tokens, private investment or centralized governance. It is fully developed with a donation-based and open-source approach, making it different from the rest of Layer 2 solutions. Etreum R1 has emerged as a new hope amidst the existing problems of Ethereum and the falling sentiments in the market. If this project persists on its neutral and community-centric approach, it can prove to be a positive turning point in the Etreum ecosystem.
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