The post Ethereum Founder to Only Discuss Stage 1+ Layer 2 Projects Starting Next Year appeared on BitcoinEthereumNews.com.

Ethereum Co-Founder Vitalik Buterin recently announced a shift in his approach to discussing Layer 2 (L2) projects.  Starting next year, he plans to publicly mention only those projects that have achieved at least stage 1 decentralization. This decision is intended to maintain the ecosystem’s standards and ensure that the projects highlighted have reached a certain maturity. Buterin emphasized that, despite his personal investments or connections, his future discussions will focus on L2s that have met specific benchmarks, allowing a short grace period for new projects that show genuine promise. I take this seriously. Starting next year, I plan to only publicly mention (in blogs, talks, etc) L2s that are stage 1+, with *maybe a short grace period* for new genuinely interesting projects. It doesn’t matter if I invested, or if you’re my friend; stage 1 or bust. Multiple… pic.twitter.com/4cGxgsfmUc — vitalik.eth (@VitalikButerin) September 12, 2024 In a statement shared on X, Buterin clarified his criteria for recognizing L2s, noting that several zero-knowledge (ZK) rollup teams have indicated they expect to reach stage 1 by the end of the year. He expressed enthusiasm about the progress of these projects, signaling a move towards cryptographic security and trust in the Ethereum ecosystem. His updated stance aligns with his vision of ensuring that rollups are more than just multisigs, but rather, cryptographically secure systems that uphold user trust. Buterin’s Definition of Stage 1 Rollups Buterin outlined the specific requirements for a project to be considered a stage 1 rollup. These include the need for a 75% threshold on the council to override the proof system, with at least 26% of the council members coming from outside the rollup team. He stressed that the shift to stage 1 is a moderate but necessary milestone to ensure the security of the proof systems without rushing…

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Filed under: News - @ September 12, 2024 7:24 am