Alon Muroch, the founder of SSV Labs, has recently expressed concerns about the current state of Ethereum, despite it leading in total value locked (TVL). In his opinion, network activity is declining, and Ethereum is facing a critical moment where meaningful changes are needed to prevent it from becoming inaccessible to the very users and builders crucial for its success.

Muroch suggests that Ethereum needs fresh ideas to revitalize its ecosystem and support innovation. He introduces the concept of based applications (bApps) as a potential solution. These bApps are applications or services that utilize the Ethereum validator set for security, enabling projects to bootstrap directly from the Ethereum layer 1 (L1). This approach aims to enhance interoperability, scalability, and cost-effectiveness in the development process.

One of the key issues highlighted by Muroch is the high stakes and costs associated with the current Ethereum ecosystem. The focus on improving user experience and developer experience is vital for driving adoption and growth. The existing options for builders, such as restaking or self-bootstrapping, have limitations that hinder the development and fragmentation within Ethereum.

bApps offer a more accessible alternative by providing a secure method for self-bootstrapping and restaking. By leveraging the based security infrastructure, bApps lower entry barriers for protocols to build securely and sustainably while preserving Ethereum's network effects. This approach incentivizes validators to participate in securing applications without the need for additional stakes, promoting a more inclusive ecosystem.

Furthermore, bApps revolutionize Ethereum's bootstrapping ecosystem, moving away from a zero-sum model towards an infinite-sum game. This shift encourages collaboration and innovation, creating a synergistic environment where the overall value of the platform increases with the addition of new applications, services, and participants.

In conclusion, Muroch emphasizes the importance of addressing fragmentation within Ethereum to foster growth and development. He believes that bApps offer a path towards scalability, security, and inclusivity, providing a solution to Ethereum's current challenges. By empowering builders with a based infrastructure, Ethereum can potentially overcome its user and developer experience issues and pave the way for a more prosperous future in the decentralized world.

Source: https://cointelegraph.com/news/not-the-time-for-a-restaking-revival?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound