Developers claim that the new Ethereum Improvement Proposal (EIP) will reduce Ethereum's block time by 33% and increase data capacity - thereby increasing overall throughput by 50%. EIP-7781 was launched on October 5 by Ben Adams, co-founder of Illyriad Games, with the aim of reducing block times on the Ethereum network from the current 12 seconds to 8 seconds, increasing aggregate-based latency, and increasing blob capacity.
The Federal Reserve and other regulators are preparing sweeping changes to a series of proposed bank capital base rules in an attempt to overcome industry backlash, according to people familiar with the matter.
JupiterDAO said in a post on X that so far, the number of votes on the latest proposal has exceeded 173 million, and voters have three days to decide whether the microgrant system will pass.
Vice President Kamala Harris is pushing a wide range of economic proposals that would provide new tax breaks and lower the cost of living for Americans, aiming to address voters' top financial concerns.
MakerDAO has approved and implemented a series of proposals yesterday, including a proposal to reduce the size of WBTC collateral. Under the proposal, the Core Vault will reduce WBTC-A DC-IAM (maximum collateral) from 500 million to 0, WBTC-B DC-IAM (maximum collateral) from 250 million to 0, WBTC-C DC-IAM (maximum collateral) from 500 million to 0, WBTC-C DC-IAM (maximum collateral) from 500 million to 0, WBTC lending is disabled in SparkLend, and WBTC LTV is reduced from 74% to 0%. The proposa...
The Law Commission for England and Wales, which reviews and recommends changes to the law to the UK government, said it does not recommend a new legal framework for decentralized autonomous organizations (DAOs) because they may be subject to existing regulations that require companies to obtain authorisation to operate in the UK. The independent statutory body wrote in a paper published on Thursday that if the DAO engaged in "specific activities" related to "specific investments"...