DeFi News Official TheBitTimes.com

Ethereum (ETH) creator Vitalik Buterin has expressed concern about the US approach to crypto regulation, particularly the impact on projects like Solana. In a tweet, Buterin expressed sympathy for the affected projects and stated that if Ethereum were to prevail by excluding other blockchains from exchanges, it would not be a moral or sustainable victory in the long run. The one comment I'll make is that I feel bad that @solana and other projects are getting hit in this way. They don't deserve it, and if ethereum ends up "winning" through all other blockchains getting kicked off exchanges, that's not an honorable way to win, and in the long term… — vitalik.eth (@VitalikButerin) June 30, 2023 Solana (SOL) was classified as a security in the SEC’s lawsuit against both Binance and Coinbase. This categorization was not exclusive to Solana, as several other tokens, including cardano (ADA), Polygon’s token MATIC, filecoin (FIL), the Sandbox...

Can the Ethereum blockchain be both scalable and secure? This project says “Yes,” through a novel concept called hybrid rollups. Graphic designers have an old saying: “Your project can be fast, cheap or good — pick two.” It’s a classic trilemma. Rushing to create something might mean it’ll be delivered quickly, and therefore less expensive. Then again, the end product could be disappointing. If customers go the “cheap and good” route instead, they’re willing to wait a while — it’s going to take time, and projects that pay better will be prioritized. For years, there’s also been a lot of talk in the blockchain world about a trilemma in terms of decentralization, security and scalability: decentralized networks can only provide two of the three benefits at any given time. Experts argue that scalability requires a trade-off with security . In this case, a network can handle more transactions, but the risk of an exploit increases. But this doesn’t necessarily have to be the case. Right n...