Introduced: Community-backed Ethereum Rollup Labeled as Completely Donation-supported
Here's a fresh take on the Ethereum R1 article:
Ethereum's very own rebels, a squad of dev-heroes within its ecosystem, have burst onto the scene with Ethereum R1, a groundbreaking layer-2 (L2) rollup solution. Claiming to be completely funded via donations and designed with the core values of Ethereum—decentralization, impartiality, and censorship resistance—in mind, this new kid on the block promises to scale Ethereum while keeping its spirit alive.
Unlike the vast majority of existing L2 solutions, Ethereum R1 isn't down with tokens, private sales, or centralized control. Setting itself apart as a "neutral rollup" built for the Ethereum community, R1 has no token presale or venture capital involvement. Instead, it's been brewed using tech from NethermindEth and Taiko, with a 1% base fee slated for the Taiko DAO until 2030 (dropping coins, not car keys).
As of day one, R1 enters Stage 2, enabling permissionless proving, long upgrade delays, and a community multisig for governance that's as pleasant as a summer breeze through the mountains. All this info can be found on the official website, where you can also check out their call to arms.
The big question on everyone's lips is: Why? Well, the Ethereum R1 team has concerns about existing L2s, arguing that they often operate more like new layer-1 blockchains with private allocations, secretive governance, and centralized domination. To put it simply, the team believes that general-purpose L2s should be like commodities—simple, interchangeable, and sans central dependencies or treacherous governance.
"Ethereum R1 is our reply to that call," the team declared on their platform, adding, "We're building a rollup that can evolve or be succeeded without harming the Ethereum ecosystem, and one that prioritizes community involvement." The project's emphasis on replaceability and community engagement is admirable, to say the least.
If you're eager to get involved, hop over to Telegram and the Magician Forum to join the conversation. GitHub and the official website have all the resources you need to lend a helping hand. Since its exciting reveal on May 1, Ethereum R1 has been making waves among Ethereum bigwigs like Justin Drake and Vitalik Buterin. It's currently being led by luminaries like Jiajun, Ahmad, Kassandra, and Jünger.
As Ethereum continues to grow, the launch of Ethereum R1 marks a turning point in the discourse on L2 development. This project advocates for a future where rollups are public infrastructure rather than money-grabbing outfits. Additionally, its commitment to transparency and community control could set a new benchmark for Ethereum's scaling solutions.
Oh, and in case you were wondering—it's not just Ethereum R1 making waves. Check out the Cardano Founder's sneak peek at the new 'Ouroboros Leios' upgrade!
Note: The enrichment data highlights some key features of Ethereum R1, such as its donation-funding model, emphasis on decentralization, minimal governance structure, and rejection of tokens. These details have been integrated into the revised text to help elucidate the project's unique approach.
- The Ethereum R1 team, comprising dev-heroes within the Ethereum ecosystem, has spearheaded a novel layer-2 (L2) rollup solution, Cardano's development team is also making waves with the new 'Ouroboros Leios' upgrade.
- Unlike other L2 solutions, Ethereum R1, funded entirely by donations and committed to Ethereum's core values, is a "neutral rollup" built without tokens, private sales, or centralized control.
- With technology from NethermindEth and Taiko, Ethereum R1's Stage 2 enables permissionless proving, long upgrade delays, and a community multisig for governance, promising to scale Ethereum while preserving its spirit.
- Ethereum R1's unique approach emphasizes replaceability, community involvement, and prioritizes transparency and community control, which could set a new benchmark for Ethereum's scaling solutions and promote public infrastructure over money-grabbing outfits in L2 development.
