Ethereum co-founder Vitalik Buterin introduced a change in how he’ll focus on Layer 2 (L2) projects beginning subsequent yr.
In a Sept. 12 X put up, Buterin mentioned he would only publicly acknowledge L2s which have reached Stage 1 or greater of their decentralization efforts no matter his funding.
He stated:
“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 outlined the standards for Stage 1+ rollups. In accordance to him, a community would require 75% consensus from the council to override the proof system, with no less than 26% of council members being unbiased of the rollup.
Buterin famous that his requests had been cheap and mandatory for the safety of the networks. He mentioned:
“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%.”
The Ethereum co-founder concluded that the “era of rollups being glorified multisigs is coming to an end. The era of cryptographic trust is upon us.”
Layer-2 networks criticism
Buterin’s present place comes as Ethereum layer-2 networks have lately been criticized for his or her centralized buildings.
Final month, Cyber Capital’s Justin Bons raised considerations, arguing that these networks pose dangers due to their centralization, probably permitting them to steal customers’ funds.
Nevertheless, Buterin countered that highly decentralized L2 options can’t take customers’ funds with out reaching a robust consensus.
In the meantime, these debates happen as Ethereum’s Layer 2 networks, together with Arbitrum, Optimism, Base, and zkSync, have surged in development. Already, Over 80% of Ethereum’s transactions now happen on L2 options, and there are rising indications that their developments will only additional speed up due to their excessive stage of adoption.
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