#network

Ethereum mastermind Vitalik Buterin is back with a bold vision to keep Ethereum, the world’s second-largest cryptocurrency, united. He’s talking about something he calls “alignment” — a way to make sure everyone involved with Ethereum is on the same page. Why? To avoid chaos, and keep the network decentralized, fair, and, well, uniquely "Ethereum."

Treasure DAO, which is set to launch its own gaming network, is considering migrating to the Layer 2 blockchain ZKsync instead of Arbitrum, citing a more suitable infrastructure for decentralized games. A vote is scheduled for September 17 to allow users time to discuss the proposal.

The developers of the Web3 social network Friend.Tech transferred control over the project’s smart contract to Ethereum's null address, effectively freezing the platform. This move means no further updates or modifications can be made, and all future revenue will be burned.

Dan Albert, Executive Director of the Solana Foundation, dismissed claims of network centralization, arguing that coordinating updates with validators is consistent with decentralization principles. The concerns emerged after a confidential discussion and the release of a security patch by validators and developers.

The Connect Token (WCT) serves as the native token of the WalletConnect Network, aimed at securing and upholding the network's decentralization. WCT will be utilized for payments, rewards, staking, and governance voting.

At Ethereum Singapore 2024, ETH co-founder Vitalik Buterin urged for more individual staking, highlighting its importance for the security and decentralization of the network. He noted that independent and diverse stakeholders can counterbalance centralized entities and reduce their control.

The Arbitrum Foundation announced its partnership with Paxos to bring its network to the regulated tokenization platform, making Arbitrum the first Layer-2 blockchain to do so. This collaboration is a key step toward building a network designed for institutional adoption.

A growing number of Ethereum users are turning to private transactions, which now make up approximately 30% of all activities on the blockchain. The gas consumption for these private operations has surged to 50% of the total network usage. This trend is driven by the desire to avoid MEV trading bots, which capture transactions for rapid profit.

Donald Trump, the U.S. presidential hopeful, took to his social network, Truth Social, to announce the sale of limited edition sneakers bearing the BTC logo and the phrase "Trump — Crypto President." These sneakers are offered in black and orange.