Ethereum (ETH) creator Vitalik Buterin said that starting next year, he will only publicly mention Layer 2 projects that he believes are moving toward optimal decentralization.
Buterin, who has 5.4 million followers on social media platform X, said he plans to publicly name only L2s, “phase 1” and above, by 2025, referencing a previous blog post detailing the different stages of decentralization.
In a November 2022 blog post titled “Proposed Milestones for Rolling Out the Training Wheels,” Buterin said L2 is either at Stage 0, Stage 1, or Stage 2 in terms of decentralization.
Buterin said “phase 1” means that projects must implement fraud prevention or proof-of-validity schemes, have certain upgrade requirements, and have multi-signature bypasses.
Now, nearly two years later, Buterin says he just wants to promote L2 in Phase 1, regardless of what he’s invested in or what his industry friends are working on.
“It doesn’t matter if I invested or you were my friend. It’s step 1 or you’re screwed.
Several ZK-rollup teams have said they will reach Phase 1 by the end of the year. I’d like to see that happen!
Of course, you shouldn’t throw away the training wheels just because you’re confident that the proof system is secure. That would be irresponsible. But step 1 (75% threshold of the committee to invalidate the proof system, with at least 26% of the committee being outside the rollup team) is a very reasonable intermediate milestone. My multisig hasn’t had a single live failure in years, and 26% is even more so.
The era of rollups being praised as multisig is coming to an end. The era of cryptographic trust has arrived.”
Ethereum’s co-founder has yet to reveal the specific L2 he claims is sufficiently decentralized.
The largest company currently is Polygon (POL), with a market cap of $2.67 billion.
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