Ethereum escalation plans and network applications should begin to admit the native ether (ETH) of the network to further increase the value of the asset, wrote the Vitalik Buterin co -founder in a publication on Friday.
“We should follow a multiple front strategy, to cover all possible sources of the ETH value as a triple point asset,” Btterin said as part of a longer publication on layer 2 escalation, security and interoperability. “Affirm widely to consolidate ETH as the main asset of the ETHERE MAJOR (L1 + L2), support applications that use ETH as a main guarantee.”
Buterin asked to implement incentives for layer 2 networks to assign a part of their Eth rates using mechanisms such as burn rates, bet them permanently or direct income to public goods in the Ethereum ecosystem.
His comments occur in the midst of growing criticisms of the Ethereum Foundation, the non -profit organization that grants subsidies and helps to support Ethereum, as the asset loses market capitalization and participation in the mentality against competitors.
The Ether-bitcoin ratio, widely observed, has dropped to the levels of 2021. Bitcoin reached a historical maximum above 109,000 dollars on early Monday and has returned 160% to investors during the last year. Meanwhile, Ether has won only 40% in the period and is around 30% below its 2021 peak, as a Coendesk analysis showed.
Another call was to increase the Blobs count of Ethereum and at the same time establish a minimum price for the Blobs, seeing them as “another possible income generator.”
“If the average Blob rate of the last 30 days is taken and it is supposed to remain the same (due to the induced demand) while the Blobs count increases to 128, Ethereum would burn 713,000 eth per year,” Bterin said, adding that a The demand curve “was not guaranteed” so favorable and, therefore, was not an isolated strategy to increase the value of ETH.
Blobs are like normal transactions with additional data of attached transaction. However, unlike traditional transactions, Blobs carrier transactions do not permanently occupy the main network space and are only available for 18 days.
Since November, Blobs’s daily count averaged a 21,000 record, and only two layers 2 (Coinbase and World Chain) represent 55% of the daily activity. The sustained layer of layer 2 could quickly exhaust the available capacity, as a Coindesk analysis at the beginning of the week pointed out.
