Vitalik Buterin to Prioritize Advanced Layer 2 Rollups in Future Discussions

Ethereum co-founder Vitalik Buterin has disclosed that he will only publicly mention Layer 2 (L2) solutions that have reached “stage 1” or higher in development from next year. 

He emphasized that his future discussions will focus on L2s that have met certain criteria despite his investments or connections. He also noted that there may be a short grace period for new, genuinely interesting projects.

This decision is intended to maintain the ecosystem’s standards and ensure that the projects mentioned have reached a certain level of maturity. 

Buterin Outlines Standard for Stage 1 Rollups

Buterin outlined the specific requirements for a project to be considered a stage 1 rollups. These include the need for a 75% threshold on the council to override the proof system and that at least 26% of the council should be independent of the roll-up team.

He revealed that several zero-knowledge (ZK) rollup teams have indicated they expect to reach stage 1 by the end of the year. He expressed enthusiasm regarding the progress made as well as stressed the importance of maintaining security measures. 

The Ethereum co-founder emphasized that the transition to stage 1 is a moderate but necessary step toward ensuring the security of proof systems without prematurely removing the “training wheels.” 

Furthermore, Buterin updated the community on the multisigs projects in which he is involved, stating that he has not encountered any significant issues in recent years. 

He also declared the end of the era in which rollups primarily served as multisigs, implying that it is now time for cryptographic trust to take precedence.

Buterin Comments on Recent ETH Sales 

Meanwhile, many have raised concerns about Buterin’s recent ETH sales. He responded by saying:

That sale from yesterday (by a bio-defense group I fund) was triggered by an automatic cowswap twap order that was set up way back on Aug 29. That was the last one.

At the time of writing, Ethereum trades at $2,348 representing a modest 1.04% gain in the last 24 hours.