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Ethereum's Economic Zone Solves a Lot of Problems, Unsecure Bridging, Extra Fees, Lowering Complexity

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by COINS NEWS 18 Views

The Ethereum Foundation proposed unifying all Ethereum ecosystem blockchains under a single umbrella, the Ethereum Economic Zone.

The EEZ will help users send crypto directly to different chains (within the ETH Ecosystem) as if they were present in the same blockchain, no bridges and no third-party protocols, just direct transfers.

Even though every L2 and EVM-compliant is technically part of the Ethereum ecosystem, they exist in fragments.

Even if you know how to bridge funds, it still costs extra to bridge them and then send them to a different chain.

MCMS Founder Erez Almog found that around $1 billion is lost every year due to crypto sent to the wrong addresses.

Source: https://bfmtimes.com/ethereums-economic-zone-and-the-list-of-problems-it-directy-solves-for-crypto/

submitted by /u/emperordas
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