Reddit Joins With Ethereum Foundation to Build Scaling Tools

Reddit Joins With Ethereum Foundation to Build Scaling Tools

The social media firm will dedicate developer resources to support scaling efforts for Ethereum.


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Reddit partners with Ethereum Foundation to boost scaling and resources

The social media network says the aim of the partnership is to bring Ethereum to "Reddit-scale" production. Popular social media network Reddit, which counts over 1.7 billion monthly visits, is deepening its ties with the Ethereum Foundation in what it has formalized as its first-ever blockchain partnership.According to an announcement from Reddit admin u/jarins, the aim of the partnership will be to increase the site's  “commitment to blockchain, accelerating scaling and resources for the Ethereum ecosystem, and bringing the value and independence of blockchain technology to millions of....

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On July 22, developers working on the platform Reddit, the social news discussion aggregation forum, revealed that the team was scaling Reddit’s community points program with the Ethereum Layer-2 solution Arbitrum. Currently, Reddit developers are testing the community point tokens on top of the Rinkeby testnet and will migrate to the Ethereum mainnet after testing is complete. Reddit Leverages Ethereum-Compatible Layer-2 Scaling Solution Arbitrum Reddit developers detailed on Thursday that the programmers are planning to leverage the Layer-2 scaling solution Arbitrum, a....

Reddit deploys layer-2 solution aimed at scaling Ethereum-based community points

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Sam Bankman-Fried believes even ETH 2 can't handle DeFi's potential growth

FTX’s Sam Bankman-Fried doesn’t believe Ethereum will be able to provide the scaling capabilities required by the DeFi sector in future. FTX exchange co-founder and CEO Sam Bankman-Fried believes Ethereum (ETH) is incapable of handling decentralized finance’s (DeFi) growth.Talking to Camila Russo from the Defiant Podcast, Bankman-Fried says that the Ethereum blockchain is limitin DeFi’s development and the only way around it is to build on other networks:“At some point, it’s just clear that we weren’t getting around that. Either, we're going to build it on Ethereum, or we are going to....