Ethereum co-founder Vitalik Buterin He has announced that he is going to change the way he discusses Layer 2 (L2) project starting in 2019. next year.
Buterin stated in a post on X, Sept. 12, that he will only recognize publicly L2s who have achieved Stage 1 of their decentralization effort regardless of whether he invested.
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“I take this seriously. Starting next year, I plan to only publicly mention (in blogs, talks, etc) L2s that are stage 1+, with ‘maybe a short grace period’ for new genuinely interesting projects. It doesn’t matter if I invested, or if you’re my friend; stage 1 or bust.”
Buterin laid out the criteria for rollups in Stage 1+. In his opinion, the network must have 75% support from the council in order to override an existing decision. proof The rollup must include at least 25% of council members who are independent.
Buterin stated that the requests he made were necessary and reasonable for the security of networks. He stated:
“Stage 1 (75% threshold on council to override the proof system, 26%+ of council must be outside the rollup team) is a very reasonable moderate milestone. The multisigs I’m in have not had a single liveness failure in years, let alone 26%.”
Ethereum’s co-founder has concluded that Ethereum is a cryptocurrency. “era of rollups being glorified multisigs is coming to an end. The era of cryptographic trust is upon us.”
Layer-2 networks criticism
Buterin is taking this position as Ethereum’s layer-2 network has been recently criticized by some for its centralized nature.
Justin Bons, Cyber Capital, raised concerns last month. arguing These networks are a risk due to centralization. They could steal funds from users.
Buterin countered, saying that L2 solutions which are highly decentralized cannot be used to take funds from users without a consensus.
These debates are taking place as Ethereum Layer 2 networks include Arbitrum, OptimismThe Base version and the zkSync version have been combined surged in growth. More than 80% (or more) of Ethereum’s transactional activity is now performed on L2 Solutions. This adoption rate will likely only accelerate the development of this technology.
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Source: cryptoslate.com