Vitalik Buterin: "If the network hasn't reached 'Stage 1' by the end of the year, don't call it 'layer 2' anymore!" 🚀

- The era of rollups that are just multisigs is over, the era of cryptographic trust is coming.

- Velocore's $2.6 million loss has sparked debate over layer 2 security.

- Buterin requires all layer 2s to reach 'Stage 1' by 2024.

List of networks that have reached 'Stage 1':

- Arbitrum One

- Optimism

- dYdX v3

- ZKsync Lite

Networks that haven't reached 'Stage 1':

- Base

- Blast

- ZKsync Era

- Starknet

What do you think about this new standard? Comment! 💬#Crypto#Ethereum #Blockchain