According to EthResearch, the new proposal “Native UTXOs on Ethereum” suggests introducing native UTXOs outside the account model, storing UTXO data in the history and keeping only a “spent” flag on-chain, thereby reducing the permanent state usage of one‑off payments by about 99.8%. The solution is based on EIP‑8141 Frame Transactions, supports UTXO self‑paid gas, trustless gas subsidization, and is compatible with ERC‑20 and privacy payment scenarios. https://t.co/oIhg7ErpAw
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🚨LATEST: Vitalik Buterin says Ethereum'S next upgrade, "LEAN ETHEREUM" could be as significant as The Merge.
- Lower transaction fees, Stronger privacy
- Quantum-resistant security, Faster
Simpler protocol design with native STARK-based cryptography
Timeline: ~3-4 years. https://t.co/mekAwn9v80
So what’s up with people longing Ethereum? https://t.co/Xx3ZxibxOA
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When Was Ethereum Created?
Ethereum (ETH) is a decentralized platform that runs smart contracts, defined as applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk. The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
