Ethereum R1 Launches as a Token-Free, Decentralized Layer-2 Solution
Ethereum has introduced a new layer-2 solution, Ethereum R1, notable for lacking a native token or governance structure. Operating on donations, it aims to restore decentralization and neutrality to Ethereum's scaling efforts. Critics of existing L2s argue they prioritize private funding and centralized control. Despite Ethereum’s declining base layer revenue, demand for L2 solutions remains high, raising questions about the future of Ethereum's ecosystem. The success of Ethereum R1 could set a new standard for decentralized scaling solutions