Vitalik Buterin wants rollups to hit stage 1 decentralization by year-end

cyptouser8 months agoCryptocurrencies News121
25cc9d4a>

Ethereum co-founder Vitalik Buterin is proposing to raise the bar on what’s considered a rollup in the Ethereum ecosystem — and suggests developers should aim to get their decentralization efforts in order by the end of the year. 

The comments came in his latest blog post on March 28, reflecting on the year ahead following Ethereum’s latest Dencun upgrade, which significantly reduced transaction fees for rollups on layer 2.

Buterin noted that Ethereum was in the “process of a decisive shift” from a “very rapid L1 progress era” to an era where L1 progress will still be very significant.

He also said that Ethereum’s scaling efforts have shifted from a “zero-to-one” problem to an incremental problem, as further scaling work will focus on increasing blob capacity and improving rollup efficiency, he said.

Source: Vitalik Buterin

He continued to state that the ecosystem’s standards will need to become stricter, adding:

“By the end of the year, I think our standards should increase and we should only treat a project as a rollup if it has actually reached at least stage 1.”

Stage 1 is Buterin’s classification of layer-2’s decentralization progress, whereby a network has advanced enough in terms of security and scaling but is not yet fully decentralized (which would be stage 2).

He observed that only five of the layer-2 projects listed on L2beat are at either stage 1 or 2, and only Arbitrum is fully EVM (Ethereum Virtual Machine) compatible.

The next steps on the roadmap include implementing data availability sampling to increase blob capacity to 16MB per slot, optimizing layer 2 solutions through techniques like data compression, optimistic execution, and improved security.

L2 data compression. Source: Vitalik Buterin

“After this, we can cautiously move toward stage 2: a world where rollups truly are backed by code, and a security council can only intervene if the code “provably disagrees with itself,” he added.

Related: Vitalik Buterin is cooking up a new way to decentralize Ethereum staking

Buterin said that further changes such as Verkle trees, single-slot finality, and account abstraction are still significant, “but they are not drastic to the same extent that proof of stake and sharding are.”

“In 2022, Ethereum was like a plane replacing its engines mid-flight. In 2023, it was replacing its wings.”

Ethereum is currently at “The Surge” phase of its upgrade roadmap with upgrades related to scalability by rollups and data sharding. The next phase, “The Scourge,” will have upgrades related to censorship resistance, decentralization, and protocol risks from MEV.

Developers should design applications with a “2020s Ethereum” mindset, embracing layer-2 scaling, privacy, account abstraction, and new forms of community membership proofs, he said before concluding:

“Ethereum has upgraded from being ‘just’ a financial ecosystem into a much more thorough independent decentralized tech stack.”

Magazine: ‘Account abstraction’ supercharges Ethereum wallets: Dummies guide

The content on this website comes from the Internet. Due to the inconvenience of proofreading the authenticity and accuracy of the copyright or content of some content, it may be temporarily impossible to confirm the authenticity and accuracy of the copyright or content. For copyright issues or other issues caused by this, please Call or email this site. It will be deleted or changed immediately after verification.

related articles

SBF Trial Day 5 – How Caroline Ellison's testimony could become the smoking gun needed for a guilty verdict

The fifth day of the SBF trial included testimony from Alameda Research CEO Caroline Ellison, whose...

Hedera’s HBAR token pumps 96% on misinterpreted BlackRock announcement

Hedera’s HBAR token pumps 96% on misinterpreted BlackRock announcement

1205f261˃A BlackRock money market fund has been tokenized on the Hedera blockchain sending the Heder...

BTC price preps 'most parabolic phase' — 5 things to know in Bitcoin this week

BTC price preps 'most parabolic phase' — 5 things to know in Bitcoin this week

55966e89˃Bitcoin (BTC) starts a new week pressuring key resistance as the May monthly close looms.BT...

Will Dogecoin skyrocket 7 months after the Bitcoin halving again?

Will Dogecoin skyrocket 7 months after the Bitcoin halving again?

1205f261˃While Dogecoin (DOGE) price fell during the past month, historical data indicates that it c...

Spot Bitcoin ETFs record $10 billion in daily volume, breaking previous record

Spot Bitcoin ETFs record $10 billion in daily volume, breaking previous record

Spot Bitcoin ETFs have continued their record-breaking performance this week, recording over $10 bil...

Binance ends Nigerian Naira services amid government crackdown

Crypto exchange Binance said it would discontinue all services associated with the Nigerian local fi...