Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
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
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum’s Buterin Vows to Only Support Highly Decentralized Layer 2 Projects
Share
Facebook Twitter LinkedIn Pinterest Email

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.

What’s mentioned in this article
recent Alpha Market Report
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Can Etherrium price return to $ 4,000? Analysts say that ETH should go beyond this support.

June 16, 2025
Add A Comment

Comments are closed.

Recent Posts

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025
Most Popular

Ethereum’s Pectra upgrade from the security perspective

November 28, 2024

Uniswap (UNI)’s 38% advance lead led the CoinDesk 20 gains. Bitcoin price (BTC) rises 5.2%

February 27, 2024

What Are Altcoins? Explaining the Modern Crypto Market

October 6, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.