Ethereum (ETH) creator Vitalik Buterin says that starting next year, he will only publicly mention Layer 2 projects that he believes are on the path to optimal decentralization.
Speaking to his 5.4 million followers on social media platform X, Buterin says that by 2025 he plans to publicly name only L2s that are at “stage 1” or higher, referencing a previous blog post detailing the different phases of decentralization.
In the November 2022 blog post “Proposed Milestones for Rollups Taking Off Training Wheels,” Buterin stated that L2s are either at stage 0, 1, or 2 in terms of decentralization.
Buterin explains that “stage 1” means the project must have an anti-fraud or anti-validity system running, as well as some upgrade requirements and multi-signature replacements.
Nearly two years later, Buterin says he only wants to promote L2s in Phase 1, regardless of what he’s invested in or what his industry friends are working on.
“It doesn’t matter if I invested or if you are my friend; step 1 or bankruptcy.
Several ZK-rollup teams have told me they are on track to reach Phase 1 by the end of the year. I can’t wait to see that happen!
Of course, we shouldn’t throw away the training wheels because we are convinced that proof systems are secure; that would be irresponsible. But step 1 (75% of the board threshold to override the proof system, 26%+ of the board must be outside the deployment team) is a very reasonable moderate step. The multisigs I’m in haven’t had a single liveness failure in years, let alone 26%.
The era of glorified rollups like multisigs is coming to an end. The era of cryptographic trust has arrived.
The Ethereum co-founder has yet to name a specific L2 that he believes is sufficiently decentralized.
The largest is currently Polygon (POL), with a market cap of $2.67 billion.
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