Report post

What is Reddit doing with Ethereum?

Reddit is growing its role in the Ethereum ecosystem, with the goal of building out scaling tools for the blockchain network. From a report: The social media platform announced this week that it was expanding its work with the Ethereum Foundation to provide development resources to scaling tools.

What is scaling in Ethereum?

Implementing scaling solutions is advanced as the technology is less battle-tested, and continues to be researched and developed. This method of scaling requires changes to the Ethereum protocol (layer 1 Mainnet ). Sharding is currently the main focus for this method of scaling.

Why do we want to partner with Ethereum community points?

Our intention is to help accelerate the progress being made on scaling and develop the technology needed to launch large-scale applications like Community Points on Ethereum. The scaling technology developed through this partnership will be open-sourced and publicly available for anyone to use.

What is layer 2 Ethereum?

Layer 2 is a collective term for solutions designed to help scale your application by handling transactions off the Ethereum Mainnet (layer 1) while taking advantage of the robust decentralized security model of Mainnet. Transaction speed suffers when the network is busy, making the user experience poor for certain types of dapps.

Related articles

The World's Leading Crypto Trading Platform

Get my welcome gifts