Ethereum R1 Launches: A Tokenless, Community-Funded Layer-2 Rollup

Ethereum R1 is a recently released Layer-2 rollup solution developed to solve Ethereum's scalability issue while sticking rigorously to the network's underlying principles of decentralization and neutrality. Unlike most of the current Layer-2 solutions, Ethereum R1 doesn't use a native token, venture capital, or centralized governance. Rather, it is fully funded by community donations so that it will remain a public good available to all developers and users.

Most Significant Features of Ethereum R1

Tokenless Design: Ethereum R1 stands out for not including a native token, sidestepping tokenomics and speculative trading complexities.

Community-Funded: The project only depends on community donations, reducing venture capital reliance and guaranteeing adherence to Ethereum's spirit.

Decentralized Governance: Ethereum R1 does away with central control, instead advocating for open and community-governance.

Neutral Rollup Design: The solution is designed to be a neutral, commodity-like infrastructure layer without centralized dependencies or dangerous governance models.

Fee Burn Mechanism: All transaction fees gathered will be burned up to 2030, enforcing the project's devotion to be a public utility and not a profit-making machine.
The Crypto Times

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