Vitalik Supports Optimisms Proposal of Making OP a Utility Token for Paying Fees – crypto.news - BitcoinEthereumNews.com
cryptoVitalik Supports Optimisms Proposal of Making OP a Utility Token for Paying Fees – crypto.news06 / 04 / 2022Balita ng Ethereum ng Bitcoin A proposal to change the use of Optimisms OP token from governance to a utility token for paying fees on the layer-2 platform has been endorsed by Vitalik Buterin, the co-founder of Ethereum. In a tweet shared on Saturday, Vitalik said the suggestion points to the platforms dedication to explicitly representing “non-token-holder interests” and not being too bent on pumping OP prices. This development follows a successful OP airdrop on Wednesday, which saw the Optimism platforms performance drop for a few hours. The OP token is designed for governance. As such, holders would, as stated, propose proposals that would shape the development of the layer-2 platform on Ethereum. Vitalik Advocates for Open and Democratic Governance Vitalik has been advocating for better decentralization and agitating for small coin holders to actively participate in governance. In his view, a shift in the current governance structure would lead to more decentralization, preventing projects from the risk of being hijacked by whales or even centralized institutions. Besides, as more people participate, the quality of proposals and upgrades would naturally increase. This is because there is thoroughness from fans with