Ethereum keeps adding to the blockchain and keeps making it better, bringing in more investors of deep pockets
“The Optimism Foundation has unveiled a new governance structure and token as part of its ongoing efforts to bring scalability and cost efficiency to Ethereum, the world’s largest smart contract platform.
According to the details, the Optimism Collective will be governed by two components: the Citizens’ House and the Token House. The Citizens’ House will “facilitate and govern a process to distribute retroactive public goods funding” via revenues collected by the network. The Token House, which will be established through forthcoming airdrops, is tasked with voting on protocol upgrades and project incentives.
The Token House, to be powered by Optimism’s new governance token OP, will be responsible for overseeing protocol and network parameters as well as creating incentives for users to enter the ecosystem.”
I was there when no one believed in ethereum, and I’m glad I was still here when I saw it running DeFi swaps too like Sushiswaps and DeFI platforms like Lycan. Its utility has been proved many times over, and I don’t see why it’s not even bigger still.
The more it improves, the more big investors will be interested. Important to note, that the new update is expected to bring in many large brands and names into the mix that will fix the blockchain. Also a key factor in the growth that Ethereum will see.
The new improvements that will happen in terms of transaction speed and transaction cost are bound to make it a better place and a better currency overall.
submitted by /u/GabriellaSadie55
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