Ethereum co-founder Vitalik Buterin introduced a change in how he’ll talk about Layer 2 (L2) initiatives beginning subsequent yr.
In a Sept. 12 X put up, Buterin stated he would solely publicly acknowledge L2s which have reached Stage 1 or greater of their decentralization efforts no matter his funding.
He said:
“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. Based on 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 affordable and essential for the safety of the 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%.”
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 constructions.
Final month, Cyber Capital’s Justin Bons raised issues, arguing that these networks pose dangers as a result of their centralization, probably permitting them to steal customers’ funds.
Nevertheless, Buterin countered that extremely 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 solely additional speed up as a result of their excessive stage of adoption.
