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Ethereum L2s Become Unified in 2025 Thanks to This Upgrade
In a groundbreaking move, the Ethereum community has recently introduced a new upgrade, ERC-7683, which will enable Layer Two (L2) networks to seamlessly interact and unify their operations across various chains. This innovative solution is expected to revolutionize the decentralized application (dApp) ecosystem by streamlining governance processes and allowing for more efficient management of decentralized autonomous organizations (DAOs).
The new ERC standard, introduced in November 2024, enables dApps to connect to different L2 networks, such as Optimism (OP), Arbitrum One, and Polygon, among others. This will allow them to efficiently manage multiple proposals and voting processes within a single interface, eliminating the need for separate integrations with each individual network.
ERC-7683 has significant implications for the DeFi space, enabling seamless interoperability across different blockchain networks. It paves the way for more complex and scalable decentralized applications, which can now seamlessly interact with various L2 networks to ensure maximum security, speed, and scalability.
For instance, a DAO could easily manage governance proposals across multiple L2 chains, giving their community broader access to voting processes in a resource-optimized manner. This will further accelerate the growth of the DeFi ecosystem by providing users with more flexibility and accessibility.
Moreover, ERC-7683 empowers dApps to leverage different chains for specialized functions. For example, an app could manage transactions on Optimism (OP) for speed while securing assets on Ethereum (ETH) for maximum security. This will enable seamless bridging between networks without any extra steps.
In the words of Mark Toda, Matt Rice, and Nick Pai who introduced this concept in November 2024, ERC-7683 has the potential to create a unified L2 network that can seamlessly interact with Ethereum, ensuring the growth and scalability of the DeFi ecosystem.
Source: u.today
