The privacy roadmap included adding features for private transactions and decentralized identity solutions across Ethereum's tech stack. The Ethereum Foundation has released a roadmap to bring end-to-end privacy features to the Ethereum network, a layer-1 (L1) smart contract blockchain, and rebranded its “Privacy & Scaling Explorations” initiative to “Privacy Stewards of Ethereum” (PSE). PSE said it aims to bring privacy solutions to the protocol, infrastructure, networking, application, and wallet layers in Friday’s announcement, and laid out several key goals for the next 3-6 months. These included enabling private transfers through the development of the PlasmaFold layer-2 network, confidential voting, and privacy in decentralized finance (DeFi) applications. Read more
Researcher Luiz Eduardo Abreu Hadad told Cointelegraph that while devs are drawn to established ecosystems, the region can create new platforms. Latin America’s developer community is increasingly focused on building within established blockchain ecosystems like Ethereum and Polygon rather than launching new base-layer protocols, according to a report by consultancy firm Sherlock Communications. The study, which included qualitative inputs from 85 developers in Bolivia, Mexico, Brazil and Peru, showed that the region’s builders care about transparency, coordination and compliance. The devs favor intuitive tools, strong documentation and proven track records, making networks like Ethereum and Polygon a good fit. Luiz Eduardo Abreu Hadad, blockchain consultant and researcher at Sherlock Communications, told Cointelegraph that Latin American devs stand out because they show “strong technical maturity” and focus on real-world issues. Read more
Ethereum and Polkadot co-founder Gavin Wood admits Vitalik Buterin’s success used to bother him but now he just wants to build great products. Does it bother you that Ethereum co-founder Vitalik Buterin made Times 2021 list of the 100 most influential people? Magazine asks. Itd be a weird question to ask most people, but not Ethereum co-founder Dr. Gavin Wood. If I said, No, it has never bothered me. I think it would be a lie, Wood tells Magazine, before taking a short pause Read more
Ethereum and Polkadot co-founder Gavin Wood admits Vitalik Buterin’s success used to bother him but now he just wants to build great products. Does it bother you that Ethereum co-founder Vitalik Buterin made Times 2021 list of the 100 most influential people? Magazine asks. Itd be a weird question to ask most people, but not Ethereum co-founder Dr. Gavin Wood. If I said, No, it has never bothered me. I think it would be a lie, Wood tells Magazine, before taking a short pause Read more
The USDm stablecoin, built with Ethena and backed by tokenized treasuries, will use its yield to subsidize Ethereum sequencer fees. MegaETH, an Ethereum layer-2 protocol backed by Vitalik Buterin, announced the upcoming launch of a yield-bearing stablecoin that might give it a different business model than traditional L2s, which drive revenue through transaction fees. The stablecoin, USDm, is being developed in partnership with Ethena, an algorithmic stablecoin protocol with $13 billion in total value locked (TVL). It will launch on Ethena’s USDtb infrastructure, which channels reserves into BlackRock’s BUIDL — a tokenized US Treasury bill fund with a $2.2 billion market cap and steady yield, according to RWA.xyz. Yield from the stablecoin’s reserves will reportedly be used to offset sequencer fees, the Ethereum gas costs a layer-2 incurs when publishing batches of transactions to the main chain. Read more
The absence of new buyers, weak spot Ethereum inflows and declining network activity have put ETH price at risk of dropping to $3,500. Key takeaways: Declining spot buying and spot Ethereum ETF outflows signal weakening demand. ETH price technicals show a possibility of a drop to $3,5000. Read more
Ethereum revenue and network fees continue to dwindle, prompting debate about the layer-1 blockchain network’s financial fundamentals. Ethereum revenue, the share of network fees that accrue to Ether (ETH) holders as a result of token burns, dropped by about 44% in August, even amid all-time high ETH prices. Revenue for August totaled over $14.1 million, down from July’s $25.6 million, according to Token Terminal. The drop occurred amid ETH rallying by 240% since April and ETH hitting an all-time high of $4,957 on August 24. Network fees also dropped by about 20% month-over-month, falling from about $49.6 million in July to about $39.7 million in August. Read more