In his blog post, Buterin says the network needs to address these components simultaneously; otherwise the blockchain could fail.
Representatives of the layer-2 network atop Ethereum confirmed the change in the treatment of ETH after CoinDesk observed a $550 million transfer in blockchain data. The change occurred in conjunction with Optimism's “Bedrock” upgrade this week.
Proto-danksharding is at the heart of the package, with other improvements for storage on-chain, as well as minor code changes related to the Ethereum Virtual Machine.
Several key applications will support Arbitrum-based USDC like Aave, Balancer, Camelot, Coinbase, Curve, GMX, Radiant, Trader Joe and Uniswap.
Mayur Kamat, a tech industry veteran, discusses how the world's largest crypto exchange is using artificial intelligence and the future of the tech industry.