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Devs introduce Ethereum R1 layer-2 scaling solution

cryptoweekly by cryptoweekly
May 1, 2025
in bitcoin, News
0

The introduction of Ethereum R1 deviates from traditional layer-2 developments that have come to characterize Ethereum’s scaling networks.

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:

“Most L2s today are acting more like new L1s than an Ethereum scaling solution — private allocations, opaque governance, and centralized control,” the developers continued.

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  • The rise of ETFs challenges Bitcoin’s self-custody roots
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