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Ethereum L2s Become Unified in 2025 Thanks to This Upgrade
In a groundbreaking development, Ethereum’s Layer Two (L2) networks are expected to become unified in the year 2025, thanks to an upcoming upgrade. This major breakthrough has the potential to revolutionize the decentralized finance (DeFi) ecosystem and take the industry to new heights.
As reported earlier, ERC-7683 is a proposed standard that aims to enable seamless governance across multiple blockchain networks. In essence, this upgrade would allow decentralized applications (dApps) to seamlessly manage governance processes on various Layer Two networks and sidechains, greatly enhancing scalability and accessibility.
The implications of such an integration are far-reaching. For instance, it could empower dApps to leverage the speed benefits offered by Optimism (OP) while securing assets on Ethereum’s mainnet for maximum security. This flexibility would enable DeFi apps to provide users with a seamless experience, allowing them to make informed decisions about where and how they want to interact with their funds.
The unification of L2s would also pave the way for decentralized governance platforms to become more accessible and widely adopted. By streamlining governance processes across multiple networks, this upgrade could increase transparency and efficiency within the DeFi ecosystem.
It’s worth noting that this development has been in the works since November 2024 when Mark Toda, Matt Rice, and Nick Pai introduced the concept of ERC-7683. This significant breakthrough underscores the dedication and expertise of the Ethereum community in driving innovation forward.
As we approach the new year, it’s essential to keep an eye on the progress of this upgrade and its potential implications for the broader blockchain space.
Source: u.today
