Ethereum News: Vitalik Buterin Unveils Plan for Faster, More Secure Layer 2 Scaling

Ethereum is taking a significant step forward in its scaling journey with a new plan from co-founder Vitalik Buterin aimed at enhancing Layer 2 (L2) security and finality. Here’s what you need to know.

Ethereum Scaling Faster with Vitalik Buterin’s Plan for Instant L2 Finality

Ethereum’s Layer 2 (L2) security and finalization are evolving, with rollups advancing to higher stages. Vitalik Buterin, Ethereum’s co-founder, has introduced a structured roadmap to enhance L2 security and finality. The proposed 2-of-3 finality system aims to provide near-instant security while maintaining decentralization. Additionally, a shared ZK aggregation layer could significantly reduce costs and improve efficiency for L2 solutions. Currently, Ethereum’s L2 ecosystem is progressing, with three rollups having hit Stage 1, and the next Pectra upgrade expected to introduce six blobs.

Ethereum Price Drops 20% – Could ETH Crash to $1,000 Next?

In the last 30 days, the Ethereum market has experienced a decline of nearly 20.4%. In the last seven days alone, the market has dropped by around 2%. Currently, the price of Ethereum sits at $1,877.46. A post by renowned macro strategist Mike McGlone raises the question if $1,000 could be next for ETH. At the start of this month, the Ethereum price was around $2,216.71, and since then, the ETH market has seen a fall of 15.48%. The ETH price reached as high as $2,550.37 on March 2 and is now 26.59% below the month’s peak. Support at the $1,900 level failed to materialize.

Ethereum’s Price Drop Puts $238M in ETH at Risk of Liquidation

Two large Ethereum whales on Maker are at risk of liquidation as 125,603 ETH, valued at $238M, is at stake. Ethereum’s health rate has dropped to $1.07, putting the whales’ positions close to liquidation at $1,805 and $1,787. The liquidation of these large ETH positions could spark market volatility, with traders awaiting potential moves. Lookonchain, an analytical platform, disclosed that the whales are in a precarious position due to Ethereum’s bearish price trend.

Layer-2 Betrayal? Ethereum Price Plummets As ‘Midlife Crisis’ Hits

Ethereum price dropped 40% in the past three months, sparking discussions. Standard Chartered Bank’s head of digital assets research Geoff Kendrick labeled it a “midlife crisis” for the blockchain. Once the go-to platform for decentralized finance (DeFi), Ethereum now grapples with technological upgrades that haven’t yet won back investors. The article explores the reasons behind Ethereum’s price tumble, including competition from Solana, internal challenges within the Ethereum Foundation, and the impact of Layer 2 solutions.