Ethereum's Future Unveiled at TOKEN 2049: Gas Boost, Institutional Integration, and Sustainability Focus
Eminent Ethereum contributors gathered at TOKEN 2049, revealing ambitious plans for the platform's future. They discussed increasing gas usage, integrating with institutions, and enhancing sustainability. Meanwhile, attendees stressed the importance of impactful applications over chain selection.
Sreeram Kannan, EigenLayer's co-founder, labelled Ethereum as the 'trust layer' crucial for AI's growth. He introduced solutions to ensure accountability in the AI era, hinting at innovations that could redefine trust. Tomasz Stanczak, another key Ethereum contributor, announced plans to triple the platform's computing power by increasing gas usage to 100 million. This move aims to boost Ethereum's scalability, a goal also advanced by the integration of Layer 2 technologies.
Joseph Lubin, Ethereum's co-founder, discussed the platform's transformation. He noted how Ethereum has evolved from resisting traditional banking to integrating with institutions. This shift reflects Ethereum's growing role in the global financial landscape. Additionally, the 85% token allocation for Linea, along with burning 20% of transaction fees, demonstrates a strategic focus on sustainability and enhancing the Ethereum mainnet.
The Ethereum ecosystem continues to evolve, with plans to increase gas usage, integrate with institutions, and enhance sustainability. These developments, along with innovations ensuring AI accountability, underscore Ethereum's commitment to growth and innovation. As attendees advise focusing on impactful applications, the future of Ethereum looks promising.
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