Dankrad Feist, a longtime Ethereum developer and researcher on the Ethereum Basis, introduced Friday that he’s becoming a member of Tempo, a layer-1 blockchain for funds and stablecoins constructed by Stripe and Paradigm.
Feist mentioned he’ll stay as a “analysis adviser” on the Ethereum Basis to offer enter on scaling the layer-1 community, bettering person expertise (UX), and blobs, a function of the Ethereum community that frees up blockspace by briefly storing information. He added:
“Tempo’s open-source expertise can simply combine again into Ethereum, benefiting the whole ecosystem. Ethereum and Tempo are strongly aligned, as they’re constructed with the identical permissionless beliefs in thoughts.
I’m wanting ahead to staying concerned with the neighborhood and persevering with to push Ethereum ahead,” he mentioned. Cointelegraph reached out to Feist however was unable to obtain a response by the point of publication.
The announcement drew combined reactions from the Ethereum neighborhood, with some sending messages of assist and others seeing it as a loss of one of many Ethereum ecosystem’s most vital contributors throughout a yr of serious change for the ecosystem.
Associated: Ethereum Basis converts 1,000 ETH for stablecoins to fund R&D, grants
Crypto neighborhood divided on Stripe’s Tempo blockchain
The crypto neighborhood additionally stays divided relating to the Tempo blockchain and whether or not a payments-focused, devoted stablecoin blockchain community is even wanted.
“Nobody needs one other chain,” Joe Petrich, head of engineering at non-fungible token (NFT) platform Courtyard, mentioned in response to Stripe CEO Patrick Collison’s Tempo announcement, including that there’s “no want for yet one more chain.”
Ethereum Basis researcher Devansh Mehta additionally questioned the choice to launch Tempo as a purpose-built blockchain as a substitute of simply changing into an Ethereum layer-2 scaling community.
App-specific layer-1 chains that should construct out their very own validator set endure from centralization points and will face elevated authorized legal responsibility, Mehta mentioned.
The talk comes amid a time of stress between Ethereum and its many layer-2 scaling options, which some have characterised as cannibalizing Ethereum’s base layer income and a downward pressure on Ether’s (ETH) value regardless of bringing person visitors to the ecosystem.
Journal: Again to Ethereum: How Synthetix, Ronin, and Celo noticed the sunshine
