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Ethereum L2s Become Unified in 2025 Thanks to This Upgrade
The Ethereum community has been eagerly awaiting the unification of Layer Two (L2) solutions. It seems that their wait is almost over, as a groundbreaking upgrade is on its way to merge multiple Ethereum L2 platforms into one cohesive entity. As reported by the Ethereum Foundation’s official EIP portal, the ERC-7683 concept was introduced in November 2024 and has the potential to transform the DeFi landscape.
What does this mean?
In essence, this innovation will allow decentralized applications (dApps) to seamlessly interact with various Layer Two networks and sidechains, ultimately enabling governance across multiple chains. This might seem like a complex issue for newcomers, but think of it in simpler terms: imagine an election process where you can vote on different blockchain networks at the same time. ERC-7683 makes this possible.
How will it change DeFi?
ERC-7683 will enable seamless governance and interactions between dApps and these L2 platforms. This empowers decentralized applications to split tasks across different chains, depending on the specific requirements of each operation. For instance, a DAO (Decentralized Autonomous Organization) could now manage governance proposals across various Layer Two networks and sidechains.
What’s next?
As we can see, ERC-7683 has significant implications for the Ethereum ecosystem. Stay tuned as we continue to bring you updates on this groundbreaking technology!
Source: u.today
