Industry News
Dec 26, 2024
Industry News
Industry News
Paradigm Challenges Ethereum to Accelerate Development: “Ethereum Could Ship Faster”
Paradigm executives urged Ethereum to accelerate the development pace of its infrastructure.
The executives argued that the network could ship more then than standard one major upgrade per year.
The proposed several “non-controversial improvements” that can implemented to accelerate Ethereum’s development.
Crypto-focused venture capital firm Paradigm recently published a blog post urging the acceleration of Ethereum’s development.
The post, co-authored by Paradigm co-founder Matt Huang, the firm’s CTO Georgios Konstantopoulos, and its general partners Dan Robinson and Charlie Noyes, argued that speeding up Ethereum’s development could help the protocol to tackle problems faster and avoid “getting bogged down in premature debates.”
“There is a reasonable debate about what Ethereum’s north star should be. But wherever you think Ethereum should go, surely it is better to get there faster,” the post read. “We think Ethereum should be focused on reaching the efficient frontier of what’s possible before arguing—hypothetically—about how we would choose between our values once we’ve hit those limits.”
The authors noted that shipping faster could help Ethereum realize this vision and dissolve many “either/or” dilemmas around prioritization by facilitating simultaneous improvements instead of “X or Y” first.
How Ethereum Could Ship Faster While Preserving Its Values
According to the post, Ethereum can ship more than one major upgrade per year without sacrificing its core values if the community decides to set ambitious goals and work harder to meet them.
The Paradigm executives argued against the common belief that the best way to safeguard Ethereum’s decentralized nature is to “ossify” or slow down the pace of changes to the core protocol. Terming it too risky, the authors said ossification could prevent Ethereum from staying competitive as users and apps explore more centralized alternatives, as well as pose its own centralization risks to the network.
“The core development process is none of the main mechanism for offchain governance by Ethereum’s social layer, and reflects inputs from engineers,researchers, validators, and institutions,” the authors wrote. “Ossifiying the core protocol would mean abandoning that governance mechanism and Ethereum’s ability to evolve in responses to changes in the market structures of areas like L2s and MEV.”
The authors called for several “non-controversial” improvements, which they argued have been sidelined by Ethereum’s slow shipping pace and the perception that the network could only implement a few changes per year.
Some of the proposed improvements include scaling L2s and optimizing them to inherit L1 security and censorship resistance, repricing the L1 opcodes without burdening node operators or modifying the blog glass limit, and improving wallet UX and security with account abstraction.
The Paradigm team noted that it would contribute to the mission of speeding up Ethereum’s development pace in the capacity of researchers and engineers.
Paradigm’s Role in the Mission of Ethereum Acceleration
Per the post, Paradigm researchers and engineers will assist with EIPs, data analysis, and code, with a particular focus on proposals that offer non-controversial changes without conflicting with the rest of Ethereum’s roadmap. One such proposal is EIP 7862, which seeks to implement a delayed state root.
Noting that Paradigm was deeply involved with Ethereum’s state and history to inform what the protocol can do safely with the gas limit, the authors highlighted the VC’s work on the Reth Ethereum client. Reth ranks among the top five Ethereum execution clients with a 2% market share. Geth dominates the niche with a 43% market share, followed by Nethermind, Besu, and Erigon at 36%, 16%, and 3%, respectively, Client diversity data shows.
“Reth is production-ready, and will continue to set a fast pace of shipping the milestones to unblock upcoming hardforks. We build Reth intentionally as an SDK for building “EVM-Core” nodes to enable experimentation and innovation by researchers and engineers.” The post read.
Paradigm invited the research community to collaborate with its team in prototyping new features geared towards improving Ethereum’s performance, future-proofing, and censorship resistance with Reth. The VC also vowed to continue building and supporting foundational tooling like Foundry, Alloy, Solar, Revm, Wagmi, and Viem, arguing that this would ensure protocol upgrades are exposed “effectively” to users.
According to the post, accelerating Ethereum development positions permissionless technology to be accessed by many people and lays the foundation for a global, trust-minimized financial system.
Paradigm executives urged Ethereum to accelerate the development pace of its infrastructure.
The executives argued that the network could ship more then than standard one major upgrade per year.
The proposed several “non-controversial improvements” that can implemented to accelerate Ethereum’s development.
Crypto-focused venture capital firm Paradigm recently published a blog post urging the acceleration of Ethereum’s development.
The post, co-authored by Paradigm co-founder Matt Huang, the firm’s CTO Georgios Konstantopoulos, and its general partners Dan Robinson and Charlie Noyes, argued that speeding up Ethereum’s development could help the protocol to tackle problems faster and avoid “getting bogged down in premature debates.”
“There is a reasonable debate about what Ethereum’s north star should be. But wherever you think Ethereum should go, surely it is better to get there faster,” the post read. “We think Ethereum should be focused on reaching the efficient frontier of what’s possible before arguing—hypothetically—about how we would choose between our values once we’ve hit those limits.”
The authors noted that shipping faster could help Ethereum realize this vision and dissolve many “either/or” dilemmas around prioritization by facilitating simultaneous improvements instead of “X or Y” first.
How Ethereum Could Ship Faster While Preserving Its Values
According to the post, Ethereum can ship more than one major upgrade per year without sacrificing its core values if the community decides to set ambitious goals and work harder to meet them.
The Paradigm executives argued against the common belief that the best way to safeguard Ethereum’s decentralized nature is to “ossify” or slow down the pace of changes to the core protocol. Terming it too risky, the authors said ossification could prevent Ethereum from staying competitive as users and apps explore more centralized alternatives, as well as pose its own centralization risks to the network.
“The core development process is none of the main mechanism for offchain governance by Ethereum’s social layer, and reflects inputs from engineers,researchers, validators, and institutions,” the authors wrote. “Ossifiying the core protocol would mean abandoning that governance mechanism and Ethereum’s ability to evolve in responses to changes in the market structures of areas like L2s and MEV.”
The authors called for several “non-controversial” improvements, which they argued have been sidelined by Ethereum’s slow shipping pace and the perception that the network could only implement a few changes per year.
Some of the proposed improvements include scaling L2s and optimizing them to inherit L1 security and censorship resistance, repricing the L1 opcodes without burdening node operators or modifying the blog glass limit, and improving wallet UX and security with account abstraction.
The Paradigm team noted that it would contribute to the mission of speeding up Ethereum’s development pace in the capacity of researchers and engineers.
Paradigm’s Role in the Mission of Ethereum Acceleration
Per the post, Paradigm researchers and engineers will assist with EIPs, data analysis, and code, with a particular focus on proposals that offer non-controversial changes without conflicting with the rest of Ethereum’s roadmap. One such proposal is EIP 7862, which seeks to implement a delayed state root.
Noting that Paradigm was deeply involved with Ethereum’s state and history to inform what the protocol can do safely with the gas limit, the authors highlighted the VC’s work on the Reth Ethereum client. Reth ranks among the top five Ethereum execution clients with a 2% market share. Geth dominates the niche with a 43% market share, followed by Nethermind, Besu, and Erigon at 36%, 16%, and 3%, respectively, Client diversity data shows.
“Reth is production-ready, and will continue to set a fast pace of shipping the milestones to unblock upcoming hardforks. We build Reth intentionally as an SDK for building “EVM-Core” nodes to enable experimentation and innovation by researchers and engineers.” The post read.
Paradigm invited the research community to collaborate with its team in prototyping new features geared towards improving Ethereum’s performance, future-proofing, and censorship resistance with Reth. The VC also vowed to continue building and supporting foundational tooling like Foundry, Alloy, Solar, Revm, Wagmi, and Viem, arguing that this would ensure protocol upgrades are exposed “effectively” to users.
According to the post, accelerating Ethereum development positions permissionless technology to be accessed by many people and lays the foundation for a global, trust-minimized financial system.
Paradigm executives urged Ethereum to accelerate the development pace of its infrastructure.
The executives argued that the network could ship more then than standard one major upgrade per year.
The proposed several “non-controversial improvements” that can implemented to accelerate Ethereum’s development.
Crypto-focused venture capital firm Paradigm recently published a blog post urging the acceleration of Ethereum’s development.
The post, co-authored by Paradigm co-founder Matt Huang, the firm’s CTO Georgios Konstantopoulos, and its general partners Dan Robinson and Charlie Noyes, argued that speeding up Ethereum’s development could help the protocol to tackle problems faster and avoid “getting bogged down in premature debates.”
“There is a reasonable debate about what Ethereum’s north star should be. But wherever you think Ethereum should go, surely it is better to get there faster,” the post read. “We think Ethereum should be focused on reaching the efficient frontier of what’s possible before arguing—hypothetically—about how we would choose between our values once we’ve hit those limits.”
The authors noted that shipping faster could help Ethereum realize this vision and dissolve many “either/or” dilemmas around prioritization by facilitating simultaneous improvements instead of “X or Y” first.
How Ethereum Could Ship Faster While Preserving Its Values
According to the post, Ethereum can ship more than one major upgrade per year without sacrificing its core values if the community decides to set ambitious goals and work harder to meet them.
The Paradigm executives argued against the common belief that the best way to safeguard Ethereum’s decentralized nature is to “ossify” or slow down the pace of changes to the core protocol. Terming it too risky, the authors said ossification could prevent Ethereum from staying competitive as users and apps explore more centralized alternatives, as well as pose its own centralization risks to the network.
“The core development process is none of the main mechanism for offchain governance by Ethereum’s social layer, and reflects inputs from engineers,researchers, validators, and institutions,” the authors wrote. “Ossifiying the core protocol would mean abandoning that governance mechanism and Ethereum’s ability to evolve in responses to changes in the market structures of areas like L2s and MEV.”
The authors called for several “non-controversial” improvements, which they argued have been sidelined by Ethereum’s slow shipping pace and the perception that the network could only implement a few changes per year.
Some of the proposed improvements include scaling L2s and optimizing them to inherit L1 security and censorship resistance, repricing the L1 opcodes without burdening node operators or modifying the blog glass limit, and improving wallet UX and security with account abstraction.
The Paradigm team noted that it would contribute to the mission of speeding up Ethereum’s development pace in the capacity of researchers and engineers.
Paradigm’s Role in the Mission of Ethereum Acceleration
Per the post, Paradigm researchers and engineers will assist with EIPs, data analysis, and code, with a particular focus on proposals that offer non-controversial changes without conflicting with the rest of Ethereum’s roadmap. One such proposal is EIP 7862, which seeks to implement a delayed state root.
Noting that Paradigm was deeply involved with Ethereum’s state and history to inform what the protocol can do safely with the gas limit, the authors highlighted the VC’s work on the Reth Ethereum client. Reth ranks among the top five Ethereum execution clients with a 2% market share. Geth dominates the niche with a 43% market share, followed by Nethermind, Besu, and Erigon at 36%, 16%, and 3%, respectively, Client diversity data shows.
“Reth is production-ready, and will continue to set a fast pace of shipping the milestones to unblock upcoming hardforks. We build Reth intentionally as an SDK for building “EVM-Core” nodes to enable experimentation and innovation by researchers and engineers.” The post read.
Paradigm invited the research community to collaborate with its team in prototyping new features geared towards improving Ethereum’s performance, future-proofing, and censorship resistance with Reth. The VC also vowed to continue building and supporting foundational tooling like Foundry, Alloy, Solar, Revm, Wagmi, and Viem, arguing that this would ensure protocol upgrades are exposed “effectively” to users.
According to the post, accelerating Ethereum development positions permissionless technology to be accessed by many people and lays the foundation for a global, trust-minimized financial system.
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