The post Layer 2 Leaders Push for Rollup Innovations to Unite Ethereum appeared on BitcoinEthereumNews.com.
Major players in Ethereum Layer 2 solutions and the meme coin ecosystem are making calculated moves. Executives from leading Ethereum Layer 2 networks, including Base and Optimism, outlined plans to improve Ethereum’s security and unification through “based” and “native” rollups. Meanwhile, a prominent Ethereum-based whale, “marketparticipant.eth,” executed a $4.9 million PEPE token sell-off, marking the culmination of a carefully planned 10-month accumulation strategy. Ethereum Layer 2s Unite: Executives Champion “Based” and “Native” Rollups for Enhanced Security and Decentralization Executives from leading Ethereum Layer 2 networks are rallying behind a shared vision to unify Ethereum by implementing “based” and “native” rollups. The proposed rollups, which aim to bolster security and reduce fragmentation, mark a significant shift in Ethereum’s approach to scaling and decentralization. During a Jan. 25 call with Ethereum founders and developers, Jesse Pollak, the head of Base—a prominent Ethereum Layer 2—emphasized the transformative potential of based rollups. Pollak described them as “a flexible and powerful tool” that would enable Base to deepen its integration with Ethereum and enhance its security guarantees. Ben Jones, Director of the Optimism Foundation, echoed Pollak’s sentiments, bringing attention to the urgency of the initiative. “I want to just reemphasize we are here to support this; it is wartime,” Jones declared, emphasizing the critical need for collaboration between Ethereum’s base layer and Layer 2 solutions. Currently, Layer 2 networks like Arbitrum, Optimism, and Base rely on centralized sequencers to process and order transactions. While this approach has enabled high-speed processing and significant revenue generation, it has also introduced a level of centralization that undermines Ethereum’s core principle of decentralization. Based rollups, a concept introduced by Ethereum core developer Justin Drake in March 2023, propose returning transaction sequencing to Ethereum’s base layer. This shift would decentralize the block-building process, allowing all Ethereum validators to participate instead…