Ethereum co-founder Vitalik Buterin introduced a change in how he’ll talk about Layer 2 (L2) initiatives beginning subsequent 12 months.
In a Sept. 12 X submit, Buterin mentioned he would solely publicly acknowledge L2s which have reached Stage 1 or greater of their decentralization efforts no matter his funding.
He acknowledged:
“I take this critically. Beginning subsequent 12 months, I plan to solely publicly point out (in blogs, talks, and so on) L2s which can be stage 1+, with ‘possibly a brief grace interval’ for brand spanking new genuinely fascinating initiatives. It doesn’t matter if I invested, or for those who’re my pal; stage 1 or bust.”
Buterin outlined the factors for Stage 1+ rollups. In response to him, a community would require 75% consensus from the council to override the proof system, with at the least 26% of council members being impartial of the rollup.
Buterin famous that his requests have been cheap and vital for the safety of the networks. He mentioned:
“Stage 1 (75% threshold on council to override the proof system, 26%+ of council should be exterior the rollup group) is a really cheap reasonable milestone. The multisigs I’m in haven’t had a single liveness failure in years, not to mention 26%.”
The Ethereum co-founder concluded that the “period of rollups being glorified multisigs is coming to an finish. The period of cryptographic belief is upon us.”
Layer-2 networks criticism
Buterin’s present place comes as Ethereum layer-2 networks have not too long ago been criticized for his or her centralized constructions.
Final month, Cyber Capital’s Justin Bons raised considerations, arguing that these networks pose dangers because 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 progress. 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 because of their excessive degree of adoption.
