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Ethereum (ethereum) According to project co-creator Vitalik Buterin, the developers hope to achieve four key goals in the coming year.
In a new interview with Bankless, Buterin says solving scalability is their “top priority.”
“Fees have been low for the last 6 months so it’s a little easier to put the issue on the back burner but I think if Ethereum succeeds it will give birth to another bull [market], and know what bull means for trading fees. From the user’s point of view, the bull market is even scary as transaction fees jump to he $50 or $100.
Buterin said Ethereum developers are ticking to solve the scalability problem.
The ETH co-creator also notes that the project’s developers plan to address privacy, base-layer censorship resistance, and account abstraction.
The Ethereum account abstraction aims to reduce two different account types to one contract account type. Ehab.
Describes the Ethereum resource website.
The single account type has the ability to trade both coins and contracts. Transactions are fully migrated to EVM, so developers and users no longer need to distinguish between account types. [Ethereum Virtual Machine] And out of the blockchain protocol.
ETH is trading at $1,479 at the time of writing. The second largest crypto asset by market capitalization is up more than 9% in the last 24 hours.
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