Ethereum 
$2,423 co-founder Vitalik Buterin supported a major update to the SuperchainERC20 protocol by Optimism. This update, whose details were recently announced via a pull request made by Optimism on GitHub, introduces a new cross-chain interface, enabling greater collaboration between Ethereum infrastructure units and aims to create a more unified ecosystem.
SuperchainERC20 Update
The updated protocol introduces a new bridge and ICrosschainERC20 interface called SuperchainERC20Bridge. This change aims to increase Ethereum’s scalability and interconnectability across many layer-2 solutions. Existing send and relay functions will be migrated to SuperchainERC20Bridge.
Effective Cooperation and Ecosystem Association
Vitalik Buterin praised the cooperation between Ethereum infrastructure players. Thanks to the update, greater harmony in the Ethereum ecosystem is expected. These developments aim to increase the overall performance of the network by strengthening the interoperability of different layer-2 solutions.
“I think people don’t realize how willing Ethereum infrastructure players are to work together and build a unified Ethereum ecosystem.”
Additional Strategic Developments
Buterin suggested reducing the minimum staking requirement to increase Ethereum’s inclusiveness. This aims to support the scalability of the network by removing barriers to entry into the staking process. He also proposed the concept of ‘Ethereum harmony’, which encourages value, technical and economic coordination among the Ethereum community.
Besides this, Buterin brought up the implementation of economic models such as the Harberger tax on Ethereum Layer-2 blockchains. He believes that such models can help maintain a fair economic balance within the ecosystem.
These updates and recommendations are made amid expectations of the upcoming ETH price increase, and are aimed at strengthening Ethereum’s network structure and making it user-friendly.
These developments in the Ethereum ecosystem aim to contribute to the future growth and ease of use of the network. Buterin’s recommendations aim to support the overall sustainability of the network by enabling a broader user base to adopt the Ethereum network.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
