Ethereum and Base, which operate with the support of Coinbase, have retreated from their efforts to create a common standard for next-generation cryptocurrency wallets. Developers from both sides concluded that reaching an agreement on a common standard would incur significant costs for each network.
Goals and Reasons for Disagreements
The aim of this initiative was to create functionality similar to modern applications for cryptocurrency wallets, allowing users to log in using passcodes, recover their accounts in various ways, and let the application cover transaction fees. Additionally, holding ETH solely for paying network fees would become an optional choice.
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Major disagreements in the priorities of the blockchains led to challenges. Developers spent months trying to merge two designs, but the inability to reach an agreement means that wallet developers working on both networks may need to support two different methods for constructing and validating a transaction.
Future Developments
According to statements from Derek Cheung, one of the developers at Ethlabs, collaboration efforts were halted last week. Ethereum is currently working on EIP-8141, known as Frame Transactions. Meanwhile, Base has developed its competing proposal called EIP-8130. Both proposals address changes to the rules regarding transaction validation and how fees are paid.
Ethereum aims to maintain privacy, censorship resistance, and security in its wallets. In contrast, Base prefers greater flexibility to optimize transactions for high volumes and various types of applications. Cheung noted that the effort to create a common standard ultimately meant that one party would have to set aside features that were important to them.
Ethereum is currently advancing Frame Transactions towards Hegota, its planned upgrade after Glamastrad. The Ethereum Foundation has included EIP-8141 among the features of the execution layer that should be launched with Hegota.
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