Vitalik Buterin Calls for Added Focus on Ether as Part of the Network's Scaling Plans

Quick Summary:

Buterin called for implementing incentives for layer 2 networks to allocate a portion of their fees to ETH using mechanisms like burning fees, staking them permanently, or directing proceeds towards public goods in the Ethereum ecosystem.

Sustained demand for Layer 2s could quickly deplete available capacity, as a CoinDesk analysis noted earlier in the week.

The widely watched ether-bitcoin ratio is down to 2021 levels.

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets: United StatesCuba

Topics: Buterin Ethereum Using Ether Value Fees Coindesk Layer Asset Scaling Part

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-24 @ 07:53:08 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Readers: 264 people read this story

Article Length: 374 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25395303

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About CoinDesk

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 12 posts per day

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Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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Publisher ID: #8

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