Vitalik Buterin, the co-founder of Ethereum has taken to X Layer-2 networks are being urged to further decentralize by (formerly Twitter). Buterin has been a prominent crypto developer who discussed decentralization as well as the use of his large platform.
In particular, he said that he would alter the way in which he spoke about Vaiours’ layer 2 networks. In particular, he will no longer talk about projects that don’t do enough to decentralize. Buterin has said that all projects need to meet at least the stage 1 threshold, which he outlined in his article. previous blog post discussing decentralized platforms.
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Buterin urges greater decentralization and calls for L2 Networks
Ethereum was the second biggest crypto according to market cap for a long time. Its influence is undeniable. Vitalik Yeterin, the key figure in the creation of this network, is a man of great influence. Buterin’s words about Web3 are heard by the entire industry.
In his new statement, he states that what he won’t say is as important as what it says. The specifics are the Ethereum Buterin, the founder of Layer 2 Networks, has encouraged them to step up their decentralization. To the benefit of the entire industry, Buterin has agreed to refrain from discussing those who are not part of it.
Buterin stated that he intends to “only publicly mention (in blocs, talks, etc) L2s that are stage 1+,” Recently, I wrote about this. He did mention that he would offer an “short grace period” He is not willing to change his baseline for any new or interesting project. “It doesn’t matter if I invested, or if you’re my friend; stage 1 or bust,” He added.
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Buterin proposed a stage of project rollouts in his 2022 statement. These stages were created to improve the goals for decentralization in these projects. He describes them as “training wheels,” Before protocol deployment, decentralization is fully achieved.
“While a project’s tech is still immature, the project launches early anyway to allow the ecosystem to start forming,” Buterin wrote in her post for 2022. “But instead of relying fully on its fraud proofs or ZK proofs, there is some kind of multisig that has the ability to force a particular outcome in case there are bugs in the code.”
Buterin says there are three stages. The stage 0 is a network that relies solely on training wheels. Then, the stage 1 comes with limited support but is fraud proof. Stage 2, the final stage, is the decentralization phase.
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Source: watcher.guru