Users must first mint a non-fungible token on the Base layer-2 network to redeem the NFT for the upcoming crypto-native device.
Ethereum 2.0 news
Some analysts don’t see this as a centralization concern due to the Ethereum network’s underlying builder-proposer architecture.
“Solana is the biggest slap in the face” for Ether maximalists due to its monolithic scalability approach, according to the analyst.
Some of the “key goals” of The Surge are to achieve over 100,000 TPS across Ethereum and its layer 2s and to increase interoperability, says Vitalik Buterin.
Institutional interest is increasing thanks to the capital efficiency introduced by restaking and liquid staking.