Ethereum co-founder Vitalik Buterin introduced a change in how he’ll focus on Layer 2 (L2) initiatives beginning subsequent 12 months.
In a Sept. 12 X publish, Buterin stated he would solely publicly acknowledge L2s which have reached Stage 1 or larger of their decentralization efforts no matter his funding.
He stated:
“I take this critically. Beginning subsequent 12 months, I plan to solely publicly point out (in blogs, talks, and so forth) L2s which might be stage 1+, with ‘possibly a brief grace interval’ for brand new genuinely fascinating initiatives. It doesn’t matter if I invested, or in case you’re my pal; stage 1 or bust.”
Buterin outlined the standards 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 affordable and obligatory for the safety of the networks. He stated:
“Stage 1 (75% threshold on council to override the proof system, 26%+ of council should be exterior the rollup workforce) is a really affordable 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 lately been criticized for his or her centralized constructions.
Final month, Cyber Capital’s Justin Bons raised considerations, arguing that these networks pose dangers resulting from their centralization, doubtlessly permitting them to steal customers’ funds.
Nonetheless, Buterin countered that extremely decentralized L2 options can not take customers’ funds with out reaching a powerful 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 resulting from their excessive degree of adoption.