Introduced: 100% Donation-supported Ethereum Rollup, dubbed Ethereum R1
Fresh Take:
Hey there! Let's dive into Ethereum R1—a brand-new layer-2 (L2) rollup solution sparking up the Ethereum scene. This baby's been whipped up by a crew of independent devs, all guns blazing for decentralization, credible neutrality, and no-nonsense censorship resistance.
What sets Ethereum R1 apart from the crowded L2 market? Well, buckle up! This donation-powered rollup turns its nose up at traditional funding methods like tokens and venture capital, instead opting for a community-driven initiative. So, it's having zero token presales or VC backing. Nifty, huh?
The Surge stack from Nethermind Eth and Taiko code are the bones of this bad boy. Yeah, it's got a 1% base fee tribute to Taiko DAO till 2030. But, hey, it's open for community donations to keep the dream alive, with all future fees getting burned to uphold long-term alignment with Ethereum's public good ethos.
As of day one, Ethereum R1 rockets into Stage 2, offering unlocked permissionless proving, long upgrade delays, and a community-led multisig governance structure. Talk about transparency!
Some folks have got concerns about existing L2s acting more like layer-1 blockchains, with shady allocations, murky governance, and centralized control. Ethereum R1's here to calm those nerves, claiming to be a straightforward, replaceable rollup... no frills, no fuss!
The team's clear: general-purpose L2s should be simple, replaceable, and independent of centralized risks or governance mishaps. Hear that? Ethereum R1's their response to that call. Built to fundamentally evolve or be succeeded without causing issues for the Ethereum ecosystem, and with massive community involvement, this is revolution with a capital R.
Already grabbed attention from bigwigs like Justin Drake and Vitalik Buterin, Ethereum R1 is currently led by diamonds like Jiajun, Ahmad, Kassandra, and Jünger.
As Ethereum scales up, Ethereum R1's launch signals a game-changer in the L2 development debate. It's all about a future where rollups serve as public infrastructure rather than profit machines. Plus, its transparency and community control could set a brand-new standard for Ethereum's scaling solutions.
Also in the spotlight: Cardano Founder Gives Sneak Peek at New 'Ouroboros Leios' Upgrade. Check it out, people!
Enrichment Data:
Ethereum R1 is a donation-based L2 rollup fueled by community contributions and allegiance to Ethereum's core principles of decentralization, neutrality, and censorship resistance. Here's a breakdown of how Ethereum R1 stands out from the norm in terms of funding, governance, and commitment to Ethereum's values:
Funding:
- No token or venture funding
- 100% donation-funded
Governance:
- Decentralized governance through community multisig
- No governance token
Ethereum Allegiance:
- Prioritizes decentralization and neutrality as a genuine L2 solution
- Designed to be censorship-resistant, reflecting Ethereum's public good ethos.
- Despite Ethereum R1's uniqueness as a donation-based L2 rollup, Cardano Founder also unveiled plans for a new upgrade, Ouroboros Leios.
- Unlike traditional funding methods like tokens and venture capital, Ethereum R1 is 100% donation-funded, adhering to Ethereum's core principles.
- In the realm of science and technology, Cardano's Ouroboros Leios and Ethereum R1 both strive for decentralization and neutrality, aiming to revolutionize the finance sector through blockchain technology.
