Vitalik Buterin Converts Neiro, Moodeng, and Degen to 140.6 ETH
Vitalik Buterin Converts Neiro, Moodeng, Degen Memecoins to Ethereum
In a recent flurry of transactions, Vitalik Buterin converted assets from various Memecoin projects sent to his wallet into 140.6 ETH, valued at approximately $0.34 million. The assets sold included donations like 100,000 USDT from CateonEthereum, 70.71 million Neiro Crypto, 11.76 billion MOODENG tokens from MoodengCTOETH, and 7.8 million DEGEN tokens. The conversion, which took place over the span of just 30 minutes, highlights Buterin’s active involvement in the Ethereum ecosystem and his ability to swiftly manage contributions sent to his wallet.
Buterin Supports Optimism’s SuperchainERC20 Update
Beyond his management of Memecoin projects, Vitalik Buterin has also been a vocal supporter of critical updates in the Ethereum Layer-2 Plan. One notable development is the proposed update to the SuperchainERC20 protocol, which was outlined in a recent GitHub pull request by Optimism. This update aims to improve Ethereum’s scalability and interoperability by introducing a new cross-chain interface.The redesigned SuperchainERC20Bridge will allow more efficient token transfers between Layer 2 solutions, fostering a more unified ecosystem.
The update also proposes the migration of essential functionalities, such as sendERC20 and relayERC20, to the new bridge. The most significant addition to this redesign is the ICrosschainERC20 interface, which will handle mint and burn functions, ensuring cross-chain neutrality. Buterin praised these enhancements, emphasizing the importance of collaboration among Ethereum infrastructure players, stating, "People are sleeping on how much cooperation is building the unified Ethereum ecosystem."
Lowering Ethereum’s Minimum Staking Requirements
In addition to these technical updates, Vitalik Buterin has proposed reducing the minimum staking requirements on Ethereum. His plan suggests lowering the threshold from the current 32 ETH to 16 ETH and eventually to just 1 ETH. This move would make staking more accessible, allowing a broader range of participants to contribute to securing the network.
Alongside this, Buterin has also been advocating for a more inclusive Ethereum ecosystem through initiatives like ‘Ethereum alignment’ and exploring economic models like the Harberger tax for Layer-2 blockchains. With these forward-thinking proposals, Vitalik Buterin continues to shape the future of Ethereum, making it more scalable, decentralized, and inclusive for users worldwide.
Also Read: ToMarket or MemeFi? Which Will Be the King of October?
