Ethereum co-founder Vitalik Buterin recently issued a clear requirement: by the end of the year, all projects claiming to be Ethereum Layer 2 (L2) networks must reach "Phase 1", otherwise they will no longer be considered credible L2 networks. This requirement focuses on adding fraud or validity proof mechanisms to ensure that the network can prevent invalid state changes on its own and reduce reliance on centralized management.

Key Points Summary

Hard target by the end of the year: If the network does not reach Phase 1 by the end of the year, it will lose its status as Ethereum L2.

Current progress: Only six networks have successfully reached L2 stage 1, with most others still in the initial stages.

Phase 1 requirements: The network must have smart contracts and decentralized security mechanisms to prevent invalid states.

Risks and Events: The Velocore incident highlights the risks of currently relying on the security of the Ethereum network.

Actively upgrading networks: Networks such as Base and Starknet are working to upgrade to meet these requirements.

Community Reaction: The community expressed dissatisfaction with the network not being classified as Phase 1 and expressed concerns about its future.

Industry Impact and Future Outlook

Vitalik Buterin’s statement sets clear compliance and security standards for the L2 network, which will not only help improve the security and trust of the entire Ethereum ecosystem, but will also promote the rapid iteration and upgrading of various L2 projects in technology and mechanisms.

Currently, although many networks are still in their early stages, there are already several projects actively working on them. Projects such as Base and Starknet are approaching Phase 1, but still need to solve some mechanical problems. This positive progress shows that it is not impossible to reach the goal by the end of the year.

At the same time, the Velocore incident reminds the industry that relying on the security of the Ethereum network is not a long-term solution, and true decentralization and built-in security mechanisms are the future development direction. This requirement will prompt more L2 networks to accelerate technological innovation and adopt more advanced fraud and validity proof mechanisms.

Example Tweet

🚀Ethereum co-founder Vitalik Buterin set the end-of-year goal for the L2 network: it must reach "Phase 1" to ensure decentralization and security! Currently, only six networks are qualified, and projects such as Base and Starknet are actively upgrading. For the future of L2, decentralization is the key! 🌐🔐

Vitalik Buterin's request is not only a test of the existing L2 network, but also an important step to promote the entire Ethereum ecosystem towards higher security and decentralization. Both the currently qualified networks and the projects that are actively working on them will continue to make progress in this process and ultimately achieve higher technical standards and market trust.

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