Home web3.0 Ethereum's Vitalik Buterin Amps Up Pressure on Layer-2 Networks to Decentralize Further

Ethereum's Vitalik Buterin Amps Up Pressure on Layer-2 Networks to Decentralize Further

Sep 13, 2024 am 03:25 AM
ethereum Vitalik Buterin Decentralization Layer-2 Networks

In 2022, Buterin proposed a set of stages for rollups, to classify them in their pursuit of decentralization. The criteria is meant to showcase that rollups tend to rely on “training wheels” and deploy their protocols to users before it's ready to fully decentralize.

Ethereum's Vitalik Buterin Amps Up Pressure on Layer-2 Networks to Decentralize Further

Ethereum co-founder Vitalik Buterin has announced that he will be adjusting his approach to discussing layer 2 (L2) networks in his public statements.

In a recent post on X, Buterin stated that he will now only mention L2 projects that have achieved a specific level of decentralization, which he refers to as "Stage 1" in a hierarchy he proposed earlier.

According to Buterin, projects that fail to meet this threshold will not receive any further attention from him.

“Starting next year, I plan to only publicly mention (in blogs, talks, etc) L2s that are stage 1 ,” wrote Buterin.

"It doesn't matter if I invested, or if you're my friend; stage 1 or bust.”

In 2022, Buterin proposed a set of stages for classifying rollups based on their pursuit of decentralization.

The criteria are designed to highlight a tendency among rollups to deploy their protocols to users before they are fully ready for decentralization, relying on "training wheels" in the process.

“While a project’s tech is still immature, the project launches early anyway to allow the ecosystem to start forming, 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,” explained Buterin in a blog post last year.

In blockchain terminology, multisig refers to a key that can be controlled by combining multiple signatures, typically representing a small group of individuals authorized to make changes under exceptional circumstances, effectively bypassing the standard consensus procedure used to validate the network.

Buterin's Three Stages of Decentralization for L2s

Buterin's proposed stages for L2 rollups range from 0 to 2, with 0 indicating the highest level of centralization and 2 indicating a fully decentralized project.

At Stage 0, an L2 network would be fully reliant on training wheels, while at Stage 1, it would have limited training wheels and be operating with fraud proofs.

Finally, at Stage 2, a project would be considered fully decentralized without any training wheels.

L2Beat, a dashboard that tracks layer-2 protocols, provides an overview of how different projects fare in terms of Buterin's stages.

Currently, none of the leading rollups have yet achieved Stage 2.

Among the protocols, only Arbitrum One, OP Mainnet, and zkSync lite have reached Stage 1.

“The era of rollups being glorified multisigs is coming to an end," wrote Buterin on X.

"The era of cryptographic trust is upon us.”

The above is the detailed content of Ethereum's Vitalik Buterin Amps Up Pressure on Layer-2 Networks to Decentralize Further. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Hot Topics

Java Tutorial
1664
14
PHP Tutorial
1266
29
C# Tutorial
1239
24
Top Crypto ICO Rivals DeFi Giants: IntelMarkets Takes the Crypto Trading World by Storm Top Crypto ICO Rivals DeFi Giants: IntelMarkets Takes the Crypto Trading World by Storm Nov 10, 2024 am 09:24 AM

IntelMarkets is making waves in the crypto space, setting its sights on top rivals with a unique offering aimed at transforming crypto trading.

Shytoshi Kusama Seeks Meeting with Vitalik Buterin to Expand SHIB Ecosystem Shytoshi Kusama Seeks Meeting with Vitalik Buterin to Expand SHIB Ecosystem Nov 08, 2024 am 09:46 AM

It would appear that the Shiba Inu (SHIB) ecosystem's creator, the anonymous Shytoshi Kusama, is hell-bent on expanding it.

WallitIQ (WLTQ) To Rival The Meme Coin Hype Cycle WallitIQ (WLTQ) To Rival The Meme Coin Hype Cycle Nov 14, 2024 pm 12:38 PM

The ongoing rivalry between Shiba Inu (SHIB) and Dogecoin (DOGE) has captured the attention of investors. As both projects continue to build, SHIB's lead dev recently proposed a challenge to the Ethereum founder and urged recognition of Shiba Inu (SH

The All-Sports Meme Token You Can't Afford to Bench! The All-Sports Meme Token You Can't Afford to Bench! Nov 03, 2024 pm 06:36 PM

XYZ is your exclusive VIP pass to a sports-driven, meme-fueled revolution. Think of it as the MVP of the XYZVerse ecosystem

Ethereum White Paper Anniversary: Reflecting on 11 Years of Transforming Technology, Finance, and Decentralization Ethereum White Paper Anniversary: Reflecting on 11 Years of Transforming Technology, Finance, and Decentralization Nov 05, 2024 pm 03:02 PM

On the 11th anniversary of the release of Ethereum’s white paper, it’s worth reflecting on how this pivotal document has transformed technology, finance, and our very concept of decentralization.

Ethereum vs Cardano: Which Cryptocurrency Has the Most Potential? Ethereum vs Cardano: Which Cryptocurrency Has the Most Potential? Nov 06, 2024 am 06:08 AM

In the ever-evolving world of cryptocurrency, identifying which digital asset holds the most potential can be complex. While Bitcoin continues to reign as the first and

Crypto Analyst Michaël van de Poppe Says Ethereum (ETH) May Be Gearing Up for a Massive Breakout Against Bitcoin (BTC) Crypto Analyst Michaël van de Poppe Says Ethereum (ETH) May Be Gearing Up for a Massive Breakout Against Bitcoin (BTC) Nov 08, 2024 am 06:52 AM

In a new strategy session, trader Michaël van de Poppe tells his 733,600 followers on the social media platform X the Ethereum/Bitcoin pair (ETH/BTC) is showing a bullish divergence on the daily chart.

Ethereum (ETH) Price Prediction: ETH Poised for a Notable Upside Rally, Could Jump by 12% to Hit $2800 Ethereum (ETH) Price Prediction: ETH Poised for a Notable Upside Rally, Could Jump by 12% to Hit $2800 Oct 29, 2024 am 09:18 AM

Ethereum (ETH), the world's second-largest cryptocurrency by market cap appears bullish and is poised for a notable upside rally due to its bullish price action and favorable on-chain metrics.