IRS official Trish Turner resigns to become director of crypto tax firm

The post Securing Ethereum’s Base Layer Neutrality appeared on BitcoinEthereumNews.com. In the fast-evolving world of cryptocurrency, maintaining the core principles of decentralization is absolutely vital. Ethereum co-founder Vitalik Buterin recently shared his insightful thoughts on safeguarding Ethereum base layer neutrality. He warned against the dangers of excessive centralization in block production, a topic crucial for the network’s future. Buterin’s vision emphasizes a robust defense strategy to keep Ethereum’s foundation fair and open for everyone. This isn’t just about preventing bad actors; it’s about building a system that can withstand future challenges and ensure true decentralization. Why is Ethereum Base Layer Neutrality So Important? The base layer of any blockchain is its fundamental infrastructure. If this layer becomes centralized, even slightly, it opens the door to potential censorship, manipulation, and a loss of the very trustless nature that cryptocurrencies promise. Buterin understands this deeply, and his recent post on X (formerly Twitter) outlined three key defenses to protect this crucial aspect: Strengthening the Public Mempool: Imagine a public waiting room for all transactions. Buterin advocates for making this mempool so strong that blocks can be built without relying on any single, centralized entity. This ensures that everyone’s transactions have a fair chance of being included. Developing Distributed Block-Building Technology: Instead of a few large players building most blocks, this approach aims to spread the block-building process across many participants. This makes it much harder for any single group to gain too much control. Introducing Additional Inclusion Channels: Even if a small number of professional builders dominate block production, there should be alternative ways to guarantee your transaction gets included. This acts as a safety net against potential censorship. These strategies collectively aim to make the network more resilient and ensure that Ethereum base layer neutrality remains a cornerstone of its design. How Will Fork-Choice Enforced Inclusion Lists (FOCIL) Help? One of…

Polygon price continued its freefall, reaching its lowest level since April 21, as the broader crypto sell-off gained momentum. Polygon (POL) dropped to $0.1915, down 32% from its highest point in May and 74% below its 2024 peak. The crash…

On May 14, the MEME market staged a striking showdown. The MEME coin named Glonk was launched on both the Pump.fun and Letsbonk.fun Launchpad platforms, and the founders of the two platforms personally came out to promote the platform. This battle for traffic not only quickly ignited the enthusiasm of the market, but also revealed the increasingly fierce competition among MEME issuance platforms.