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 stated he’ll stay as a “analysis adviser” on the Ethereum Basis to supply enter on scaling the layer-1 community, enhancing consumer expertise (UX), and blobs, a function of the Ethereum community that frees up blockspace by temporarily storing data. 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 trying ahead to staying concerned with the group and persevering with to push Ethereum ahead,” he stated. 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 group, with some sending messages of assist and others seeing it as a loss of one of many Ethereum ecosystem’s most important contributors throughout a year of significant change for the ecosystem.
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Crypto group divided on Stripe’s Tempo blockchain
The crypto group additionally stays divided regarding 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, said in response to Stripe CEO Patrick Collison’s Tempo announcement, including that there’s “no want for 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 undergo from centralization points and might face elevated authorized legal responsibility, Mehta said.
The controversy 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 revenue and a downward power on Ether’s (ETH) value regardless of bringing consumer site visitors to the ecosystem.
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