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Crypto Prune > News > Vitalik Buterin celebrates the rise of Ethereum’s second tier and explains its role
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Vitalik Buterin celebrates the rise of Ethereum’s second tier and explains its role

6 months ago 3 Min Read

Ethereum co-founder Vitalik Buterin expressed his enthusiasm after realising that the second layer network of its ecosystem (L2) had reached level “Stage 1” following the evaluation framework of the L2Beat analytics platform.

In an August 6 publication on X, Buterin said:

His comments were the answer to a post by the L2Beat team. This reported that the same day as the Six L2 (Bass, Optimism, Unicane, Scroll, Ink, Kint) is adhering to the updates required to win the standard “Stage 1”.

“Stage 1” is a classification designed by L2Beat Measure the maturation and decomposition of these second layersProcess transactions outside Ethereum’s main network (L1) to improve its scalability.

This level shows that L2 has a functional testing system that allows funding from fully-dependent operators, allowing at least five external actors to validate the transaction and mark steps towards decentralization.

The purpose of this measurement is Leading projects towards greater autonomyreduces concentration risk.

According to Vitalik Butein, the importance of secondary layers

Buterin also explained why he thinks L2 is essential. When asked by a person in X, he replied, “Why do you need all these chains?”

«They absorb users who need 300 ms slot time without imposing a centralized cost to try to provide direct services. Let’s work to be as synergistic as possible with the Ethereum economy and the L1» economy.

Vitalik Buterin, founder of Ethereum.

This means that L2 manages rapid transactions that L1 cannot process efficiently. «Slot Time» See the interval at which new blocks are generated in some L2 out of 300 ms (0.3 seconds). loss 12 seconds Esreumallowing for more speed.

See also  "We are planning to move to Posthull encryption."

Buterin sees how to climb into a network without sacrificing the decentralized essence in L2, and integrates them as an economic complement to L1.

New purpose for Buterin and L2 Ethereum

Finally, Vitalik Bugerin suggested that it would reduce the time it takes for users to remove funds from layer 2 of Ethereum. According to Ethereum co-founders, the process can take “up to a week” today. Increase costs and use unsafe methods. His idea is to achieve a retreat within an hour, and in the future it will only take 12 seconds.

For this reason, we recommend using zero knowledge testing technology (ZK Proof), which allows transactions to be verified quickly and independently of third parties.

Buterin proposed a hybrid “3” hybrid system that combines ZK, Optimistic Test (OP), and reliable execution environment (TEE).

This approach is committed to two of these three systems (ZK and OP), preventing one actor from eroding security, and ZK and TEE provide Immediate withdrawal in normal circumstances.

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