Vitalik Buterin Proposes Ethereum Ecosystem Alignment Concept

Vitalik Buterin highlights how Ethereum ecosystem participants can compete to be aligned instead of competing to have the โ€œright friends.โ€

Vitalik Buterin talks Ethereum plans.
Created by Kornelija Poderskytฤ— from DailyCoin
  • Vitalik Buterin has published a new proposal for Ethereum.
  • The proposal aims to make the networkโ€™s concept of alignment clear.
  • Vitalik highlighted four starting points to further this goal.

Ethereum co-founder Vitalik Buterin has published an article with proposals to address the challenge of balancing Ethereum application developers, client teams, researchers, layer 2 teams, and local community groups to foster a unified ecosystem.

The article noted that the Ethereum alignment concept has historically been poorly defined, creating a risk of social layer capture, especially when interpreted as having the โ€œright friends.โ€ Vitalik argued that the concept should be clear, simplified into specific properties, and represented by certain metrics to solve this challenge.

Vitalikโ€™s Proposal

Noting that each projectโ€™s list of items could be different and that metrics would inevitably change over time, Vitalik highlighted four โ€œsolid starting points,โ€ which he believed would make Ethereum projects compete to be as aligned as possible instead of competing to have the right friends.

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The proposals included open-source development to guarantee security, reduce the risk of proprietary lock-in, and enable permissionless third-party improvements. This would be complemented by the second proposal: building on open standards to improve interoperability with the Ethereum ecosystem.

โ€œIf you want to introduce a new feature that is not well-served by existing standards, write a new ERC in collaboration with others. Applications and wallets can be rated by which ERCs they are compatible with,โ€ the article read.

The other proposals encouraged projects to minimize centralized infrastructure dependency and strive to achieve positive-sum outcomes toward the Ethereum ecosystem and the broader world. Per Vitalik, the latter can be achieved through using ETH as a token to contribute to the networkโ€™s effect and building applications that bring sustainable values to humanity, such as financial inclusion.

Stay updated on how the Ethereum Foundation sold more ETH despite Vitalikโ€™s pause:
Ethereum Foundation Dumps More ETH Despite Vitalikโ€™s Pause

Read about the latest Bitcoin ETF flows:
Bitcoin ETFs See $1.1B Weekly Inflows After 7-Day Positive Streak

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Author
Brian Danga

Brian Danga is a crypto reporter at DailyCoin covering breaking news. Brian has minor holdings in Bitcoin and Ethereum.

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