Saturday, August 2, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Ethereum’s Buterin vows to support only highly decentralized Layer-2 projects

12 September 2024
in Ethereum
Reading Time: 2 mins read
0 0
A A
0
Home Ethereum
Share on FacebookShare on Twitter



Ethereum co-founder Vitalik Buterin introduced a change in how he’ll focus on Layer 2 (L2) tasks beginning subsequent yr.

In a Sept. 12 X publish, Buterin stated he would solely publicly acknowledge L2s which have reached Stage 1 or greater of their decentralization efforts no matter his funding.

He acknowledged:

“I take this critically. Beginning subsequent yr, I plan to solely publicly point out (in blogs, talks, and many others) L2s which might be stage 1+, with ‘perhaps a brief grace interval’ for brand new genuinely attention-grabbing tasks. It doesn’t matter if I invested, or should you’re my good friend; stage 1 or bust.”

Buterin outlined the standards for Stage 1+ rollups. In response to him, a community would require 75% consensus from the council to override the proof system, with at the very least 26% of council members being unbiased of the rollup.

Buterin famous that his requests have been affordable and vital for the safety of the networks. He stated:

“Stage 1 (75% threshold on council to override the proof system, 26%+ of council have to be outdoors the rollup crew) is a really affordable average milestone. The multisigs I’m in haven’t had a single liveness failure in years, not to mention 26%.”

The Ethereum co-founder concluded that the “period of rollups being glorified multisigs is coming to an finish. The period of cryptographic belief is upon us.”

Layer-2 networks criticism

Buterin’s present place comes as Ethereum layer-2 networks have not too long ago been criticized for his or her centralized constructions.

Final month, Cyber Capital’s Justin Bons raised issues, arguing that these networks pose dangers resulting from their centralization, probably permitting them to steal customers’ funds.

Nonetheless, Buterin countered that extremely decentralized L2 options can not take customers’ funds with out reaching a powerful consensus.

In the meantime, these debates happen as Ethereum’s Layer 2 networks, together with Arbitrum, Optimism, Base, and zkSync, have surged in development. Already, Over 80% of Ethereum’s transactions now happen on L2 options, and there are rising indications that their developments will solely additional speed up resulting from their excessive stage of adoption.

Talked about on this article

Newest Alpha Market Report



Source link

Tags: ButerinDecentralizedEthereumsHighlyLayer2ProjectsSupportVows
Previous Post

Coinbase Launches cbBTC: Wrapped Bitcoin on Ethereum, Base

Next Post

Rebranded Fantom Project, Sonic Labs, Set to Redefine Blockchain Speed With 720ms Finality – Bitcoin News

Related Posts

Ethereum Elite Shift: ETH Foundation Loses Top‑3 Spot As Corporate Buyers Surge Ahead | Bitcoinist.com
Ethereum

Ethereum Elite Shift: ETH Foundation Loses Top‑3 Spot As Corporate Buyers Surge Ahead | Bitcoinist.com

1 August 2025
Vitalik Buterin unveils plan to boost Ethereum speed and scalability
Ethereum

Vitalik Buterin unveils plan to boost Ethereum speed and scalability

1 August 2025
Ethereum Hits $10B Reserve as XRP ETF Nears, SEC Eyes Crypto Leadership Shift | Bitcoinist.com
Ethereum

Ethereum Hits $10B Reserve as XRP ETF Nears, SEC Eyes Crypto Leadership Shift | Bitcoinist.com

31 July 2025
lean Ethereum | Ethereum Foundation Blog
Ethereum

lean Ethereum | Ethereum Foundation Blog

1 August 2025
Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k
Ethereum

Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k

31 July 2025
Ethereum Big Players Are Returning As Whale Wallets See Notable Growth | Bitcoinist.com
Ethereum

Ethereum Big Players Are Returning As Whale Wallets See Notable Growth | Bitcoinist.com

30 July 2025
Next Post
Rebranded Fantom Project, Sonic Labs, Set to Redefine Blockchain Speed With 720ms Finality – Bitcoin News

Rebranded Fantom Project, Sonic Labs, Set to Redefine Blockchain Speed With 720ms Finality – Bitcoin News

Revolutionizing Bitcoin Mining: The Power of Three-Phase Systems

Revolutionizing Bitcoin Mining: The Power of Three-Phase Systems

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Hong Kong Reports Decrease in Negative Equity Residential Mortgages by Mid-2025

Hong Kong Reports Decrease in Negative Equity Residential Mortgages by Mid-2025

2 August 2025
FCA Announces Plans to Grant Retail Access to Crypto Exchange-Traded Notes

FCA Announces Plans to Grant Retail Access to Crypto Exchange-Traded Notes

2 August 2025
Crypto Explosion Ahead? CLARITY Act Could Push Market To $10-T — Cardano Founder | Bitcoinist.com

Crypto Explosion Ahead? CLARITY Act Could Push Market To $10-T — Cardano Founder | Bitcoinist.com

2 August 2025
XRP Is Set To Move Trillions — Banking CEO Drops Bombshell On Ripple’s Role In Tokenizing Finance

XRP Is Set To Move Trillions — Banking CEO Drops Bombshell On Ripple’s Role In Tokenizing Finance

2 August 2025
Hong Kong Stablecoin Licensing Regime Takes Effect

Hong Kong Stablecoin Licensing Regime Takes Effect

2 August 2025
Qubic’s ‘Warming up the Engines’ Report Details 51% Strategy Ahead of Showdown With Monero – Crypto News Bitcoin News

Qubic’s ‘Warming up the Engines’ Report Details 51% Strategy Ahead of Showdown With Monero – Crypto News Bitcoin News

1 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$113,924.00-0.73%
  • ethereumEthereum(ETH)$3,511.85-3.43%
  • rippleXRP(XRP)$2.981.30%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$758.16-1.84%
  • solanaSolana(SOL)$164.08-2.84%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • staked-etherLido Staked Ether(STETH)$3,504.44-3.56%
  • tronTRON(TRX)$0.3267420.63%
  • dogecoinDogecoin(DOGE)$0.199056-3.16%