Devs introduce Ethereum R1 layer-2 scaling solution

A group of developers within the Ethereum ecosystem, operating independently of the Ethereum Foundation, have announced Ethereum R1 — a layer-2 (L2) scaling solution for the Ethereum network that does not include a native token. According to the announcement, the project relies entirely on donations, does not have venture funding, and does not have any pre-mined token allocations or a governance token. The project's team wrote in a May 1 X post:"General-purpose L2s should be commodities — simple, replaceable, and free from centralized dependencies or risky governance. Ethereum R1 is our answer to that call — the rollup grounded in credible neutrality, decentralization, and censorship resistance source: https://cointelegraph.com/news/devs-introduce-ethereum-r1-layer-2?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound