Bitcoin price breakout to $117K liquidates bears, opening door to fresh all-time highs

The post Securing Ethereum’s Base Layer Neutrality appeared on BitcoinEthereumNews.com. In the fast-evolving world of cryptocurrency, maintaining the core principles of decentralization is absolutely vital. Ethereum co-founder Vitalik Buterin recently shared his insightful thoughts on safeguarding Ethereum base layer neutrality. He warned against the dangers of excessive centralization in block production, a topic crucial for the network’s future. Buterin’s vision emphasizes a robust defense strategy to keep Ethereum’s foundation fair and open for everyone. This isn’t just about preventing bad actors; it’s about building a system that can withstand future challenges and ensure true decentralization. Why is Ethereum Base Layer Neutrality So Important? The base layer of any blockchain is its fundamental infrastructure. If this layer becomes centralized, even slightly, it opens the door to potential censorship, manipulation, and a loss of the very trustless nature that cryptocurrencies promise. Buterin understands this deeply, and his recent post on X (formerly Twitter) outlined three key defenses to protect this crucial aspect: Strengthening the Public Mempool: Imagine a public waiting room for all transactions. Buterin advocates for making this mempool so strong that blocks can be built without relying on any single, centralized entity. This ensures that everyone’s transactions have a fair chance of being included. Developing Distributed Block-Building Technology: Instead of a few large players building most blocks, this approach aims to spread the block-building process across many participants. This makes it much harder for any single group to gain too much control. Introducing Additional Inclusion Channels: Even if a small number of professional builders dominate block production, there should be alternative ways to guarantee your transaction gets included. This acts as a safety net against potential censorship. These strategies collectively aim to make the network more resilient and ensure that Ethereum base layer neutrality remains a cornerstone of its design. How Will Fork-Choice Enforced Inclusion Lists (FOCIL) Help? One of…

The ETH/BTC exchange rate has broken out of its three-year downward trend, heralding the arrival of the altcoin season.

PANews reported on August 23rd that the Wormhole Foundation tweeted that it has arranged financing and has made an acquisition offer for Stargate, preparing to acquire Stargate with an initial offer price of at least $120 million in USDC, exceeding LayerZero's $110 million bid. The all-cash acquisition will provide $STG holders with maximum certainty and immediate liquidity, without delays or exchange risk. Earlier news reported that Wormhole planned to acquire Stargate at a high price and requested a suspension of the vote on "LayerZero's acquisition of STG."