Meta’s attempts to create a metaverse are not “going anywhere”, said Ethereum co-founder Vitalik Buterin. He believes that Meta’s concept of a virtual space will only “misfire.” The metaverse is a blend of offline and online experiences in an interactive digital space, where social interactions and transactions can occur simultaneously. In a tweet responding to […]
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The recent Luna-Terra crash has led to tens of billions of dollars of losses, which has led to wide criticism of “algorithmic stablecoins” as a category, with many considering it to be a fundamentally flawed product. Ethereum co-founder Vitalik Buterin has shared two experiments on evaluating whether an algorithmic (algo) stablecoin is sustainable. In a […]
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Ethereum co-founder Vitalik Buterin believes that Layer-2 transaction fees will only be “truly acceptable” if they are lowered to under $0.05. Layer-2 transaction fees help scale an application by processing transactions off the Ethereum Mainnet, also called layer 1 main blockchain. Layer 2 solutions increase transaction speed and reduce gas fees. This comes after Ryan […]
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