🚨🚨🚨Vitalik Buterin Sets the Bar for Layer-2 Decentralization: Stage 1 or Bust!🚨🚨🚨
Ethereum co-founder Vitalik Buterin has doubled down on his stance regarding Layer-2 decentralization, making it clear that only Layer-2 projects at "stage 1" or beyond will get his nod of approval starting next year! 🎯
Here’s what Vitalik had to say about the future of Ethereum scaling solutions:
🔷 Stage 1 Decentralization is the Standard
Vitalik stated that any Layer-2 solutions without active fraud-proof or validity-proof mechanisms won't cut it. This is the minimum threshold for him to acknowledge a project. 🛠️
🔷 Goodbye to "Glorified Multisigs"
He emphasized that the era of Layer-2 projects running as multisignature wallets with no trustless mechanisms is coming to an end. Cryptographic trust is the future! 🔒
🔷 Strict Conditions for Acceptance
Stage 1 rollups must have a security council with at least 6 out of 8 signatures for any override mechanisms and a 7-day delay window for upgrades. Vitalik won’t accept anything less! ⏳
🔷 What’s Stage 2?
The ultimate goal of decentralization! No training wheels, no override mechanisms unless there are critical bugs. This is the future, but many projects are still working towards this level.
🚀 Projects Racing for Stage 1
Many teams behind popular Layer-2s like ZKsync, Arbitrum, Optimism, and Linea are working hard to hit stage 1 by year-end! Vitalik is excited to see the progress unfold. 🎉
💡 Key Takeaway:
For Layer-2 projects to survive in Vitalik’s eyes, they must evolve beyond simple multisig setups. It's "Stage 1 or Bust!" in the journey to full decentralization! 🌍
Stay tuned for more updates as we enter the next era of Ethereum scaling. 💥
