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HomeNewsEthereum to Introduce Alignment Metrics for Projects, Says Vitalik Buterin

Ethereum to Introduce Alignment Metrics for Projects, Says Vitalik Buterin

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  • Projects to be evaluated on contribution to societal benefits and Ethereum community, enhancing financial inclusion.
  • Buterin emphasizes the importance of Ethereum maintaining neutrality to prevent influence-based alignment biases.

Vitalik Buterin, recently proposed developing a set of metrics to assess how closely projects align with Ethereum’s foundational values. In a blog post dated September 28, Buterin outlined the necessity of ensuring that diverse projects contribute to a unified Ethereum ecosystem rather than existing as disparate entities.

Buterin introduced several metrics to evaluate the alignment of projects within the Ethereum framework. The first metric considers the openness of a projectโ€™s source code. Open-source projects allow for broader verification and modification, which can enhance security and prevent dependency on proprietary systems.

โ€œThe primary challenge is making sure that all these projects are, collectively, building something that feels like one Ethereum ecosystem, and not 138 incompatible fiefdoms.โ€

Interoperability is another proposed metric, suggesting that projects should be evaluated based on their compatibility with various Ethereum standards, such as Ethereum Request for Comments (ERC) tokens. This compatibility is crucial for seamless interaction within the Ethereum platform.

Additionally, Buterin suggested implementing “walkaway” and “insider attack” tests to measure a project’s decentralization and security. These tests examine whether a project can continue to operate independently of its initial development team and assess the potential damage if the internal team attempts to undermine the system.

Projects might also be assessed on their societal impact, particularly their contribution to the Ethereum community and broader societal benefits, like promoting financial inclusion or supporting new public funding methods.

The discussion of Ethereumโ€™s reliance on Buterinโ€™s leadership was highlighted by Charles Hoskinson, founder of Cardano, in a recent interview. Hoskinson noted the potential risks associated with Ethereum’s dependency on a single individual for strategic direction and inspiration.

โ€œIf you were to remove him from the equation right now, whatโ€™s the next hard fork going to look like, and how quickly can they actually get there?โ€

Buterinโ€™s initiative aims to foster a robust, cohesive ecosystem that supports Ethereumโ€™s long-term viability and independence.

This approach seeks to ensure that Ethereum remains a leading platform for decentralized applications, capable of adapting and thriving independently of any single leaderโ€™s influence.

The current price of Ethereum (ETH) is 2,642.3 USD, showing a slight decline of -0.61% in the last 24 hoursโ€‹. The 24-hour trading volume is 13.67 billion USD, and its market capitalization is 318.05 billion USD.

ETHUSDT_2024-09-30_05-00-45
Source: Tradingview

The current Relative Strength Index (RSI) for Ethereum (ETH) stands at 56.9, indicating a neutral position. This suggests that ETH is neither overbought nor oversold at this point, meaning the market is relatively balanced. A value of 70 or above would signal that ETH is overbought, while a value of 30 or below would indicate it is oversold.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628
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