Vitalik Buterin showcased the process of depositing into the Ethereum (ETH) blockchain Polymarket, emphasizing the necessity for change. He urges the adoption of ERC-3770 and ERC-7683 upgrades to streamline transaction processes and improve user experience. These upgrades aim to introduce a new address standard for wallets and dApps, addressing the ambiguity in current addresses. Buterin's advocacy for these upgrades, which include a cross-Layer 2 exchange protocol, aims to enhance efficiency and security in the Ethereum ecosystem. Additionally, the Ethereum network is organizing a $2 million 'Attackathon' to bolster protocol security ahead of the Pectra Hard Fork. This initiative aligns with the upcoming upgrade's goal of enhancing user and developer experience. Despite regulatory concerns, ETH price remains strong above $3,000, signaling positive market sentiment and potential for further growth. Read more AI-generated news on: https://app.chaingpt.org/news