Ethereum

2024

Impact

when

<h4><strong>He wants to create metrics, or measurements, to see how closely different projects align with the values of the Ethereum community. </strong></h4>
<p>His goal is to make sure everyone is building something that feels like one big Ethereum ecosystem.</p>
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      <h5><strong>Measuring Project Alignment with Ethereum’s Values</strong></h5>
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<p>In a recent <a href="https://vitalik.eth.limo/general/2024/09/28/alignment.html" target="_blank" rel="noopener noreferrer nofollow">blog post</a> on September 28th, Buterin explained that achieving “Ethereum alignment” is one of the most important social challenges facing the Ethereum community. However, he also admitted that it’s a tough job. With many different teams, developers, researchers, and local groups each trying to contribute in their way, finding common ground can be tricky. Buterin believes there are already some “starting points” to help with this challenge.</p>
<p>One of the first metrics he suggests is how <a href="https://www.altcoinbuzz.io/?s=open+source" target="_blank" rel="noopener noreferrer nofollow">open-source</a> a project is. Open source means that anyone can look at the code to check for security issues. This openness not only keeps the project safe but also prevents a situation where only one company controls it. It allows others to suggest improvements, ensuring that the project can grow and adapt over time.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Making Ethereum alignment legible<a href="https://t.co/Ydwox0c01i" rel="noopener noreferrer nofollow">https://t.co/Ydwox0c01i</a></p>
 <p>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1839950371298464219?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 28, 2024</a></p>
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<p>Buterin also talks about <a href="https://www.altcoinbuzz.io/?s=interoperability" target="_blank" rel="noopener noreferrer nofollow">interoperability</a>, which is about how well different applications and wallets can work together. He suggests rating projects based on which ERC tokens they are compatible with. ERCs are a set of standards that allow tokens to work on the Ethereum network, and this compatibility can help create a smoother user experience.</p>
<h5><strong>Making a Positive Impact</strong></h5>
<p>Another important area Buterin wants to focus on is <a href="https://www.altcoinbuzz.io/?s=decentralization" target="_blank" rel="noopener noreferrer nofollow">decentralization</a> and security. He mentions two tests: the “walkaway” test and the “insider attack” test. The walkaway test checks what happens if someone leaves the project. The insider attack test looks at how much damage could be done if someone on the team tried to attack their system. These tests can help ensure that the project is robust and secure.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Possible rule of thumb: when you make an ERC, have multiple teams involved from the start. I thought <a href="https://twitter.com/hal2001?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@hal2001</a> <a href="https://twitter.com/Uniswap?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Uniswap</a> did well on this with ERC-7683.</p>
 <p>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1839954592848634166?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 28, 2024</a></p>
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<p>Finally, Buterin believes that projects should be evaluated on how positively they affect the Ethereum community and humanity as a whole. For instance, projects that improve financial access or create new ways to fund public services can have a big impact.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/buterin-proposes-metrics-for-a-unified-ethereum-ecosystem/" rel="noopener noreferrer nofollow">Buterin Proposes Metrics for a Unified Ethereum Ecosystem</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Buterin Proposes Metrics for a Unified Ethereum Ecosystem

Altcoin Buzz

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