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Home»ETHEREUM NEWS»Ethereum’s Buterin Vows to Only Support Highly Decentralized Layer 2 Projects
ETHEREUM NEWS

Ethereum’s Buterin Vows to Only Support Highly Decentralized Layer 2 Projects

By Crypto FlexsSeptember 12, 20242 Mins Read
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Ethereum’s Buterin Vows to Only Support Highly Decentralized Layer 2 Projects
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Ethereum co-founder Vitalik Buterin has announced that he will change the way he discusses layer 2 (L2) projects starting next year.

In a September 12 post, Buterin said that he would only publicly acknowledge L2s that had reached at least Stage 1 in their decentralization efforts, regardless of his investment.

He said:

“I take this seriously. Starting next year, I plan to only publicly mention L2 (on blogs, talks, etc.) and give a ‘maybe short grace period’ to really interesting new projects. It doesn’t matter if I invested in them or if you’re my friend. If it’s not L1, it’s screwed.”

Buterin outlined the criteria for a Phase 1+ rollup. According to him, the network needs a 75% consensus of the committee to invalidate the proof system, and at least 26% of the committee members are independent of the rollup.

Buterin said his request was reasonable and necessary for network security. He said:

“Phase 1 (75% threshold for the council to invalidate the proof system, 26% of the council must be outside the rollup team) is a very reasonable intermediate milestone. My multisig hasn’t had a single liveness failure in years, and 26% is even more so.”

The co-founder of Ethereum concluded that “the era of glorified multisig rollups is over. The era of cryptographic trust has arrived.”

Criticism of two-layer networks

Buterin’s current stance comes as the Ethereum layer-2 network has recently come under fire for its centralized structure.

Last month, Cyber ​​Capital’s Justin Bonds raised concerns that these networks are centralized, making them risky and potentially allowing users to steal their funds.

Buterin countered, however, that a highly decentralized L2 solution would not be able to take users’ funds without reaching a strong consensus.

Meanwhile, the debate comes as Layer 2 networks on Ethereum proliferate, including Arbitrum, Optimism, Base, and zkSync. Already, more than 80% of Ethereum transactions occur on L2 solutions, and there are growing signs that higher adoption will accelerate development.

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