tl;dr
Ethereum co-founder Vitalik Buterin plans to scale Ethereum’s Layer-1 (L1) and Layer-2 (L2) protocols, emphasizing the importance of continued innovation in L2 solutions. In a blog post, he highlighted challenges and proposed increasing blob space on L1 and standardizing L2 protocols for enhanced in...
Ethereum Co-founder Vitalik Buterin's Scaling Plans Ethereum Co-founder Vitalik Buterin's Plans for Scaling Ethereum
Ethereum co-founder Vitalik Buterin recently shared plans to scale Ethereum’s Layer-1 (L1) and Layer-2 (L2) protocols. He emphasized the need for continued innovation in L2 solutions, advocating for increasing blobs on L1, improving Ethereum’s PoS, storage, EVM, and cryptography capabilities, and accelerating standardization and interoperability across L2s.
Buterin envisions an Ethereum network capable of hosting more decentralized applications, increasing ETH utility and adoption, while positively impacting ETH’s value. He dismissed the notion of scaling solely through L1 solutions, emphasizing the importance of staying the course with L2 solutions to ensure efficient scaling without compromising Ethereum’s core values.
Buterin also committed to recognizing only L2 networks that reach “stage 1 ” maturity and called for improvements in L2 security, interoperability, and composability, despite heightened criticism of the Ethereum Foundation. He remains steadfast in his belief that Ethereum’s L2 ecosystem is vital for its future growth.
Reflecting on the challenges, Buterin highlighted the limited blob space and heterogeneity in L2 protocols. He proposed solutions such as increasing the number of blobs on L1 and standardizing L2 protocols for enhanced interoperability. Buterin called for improvements in L2 security, interoperability, and composability to ensure their long-term success.
Despite criticisms and challenges, Buterin's vision for Ethereum's L2 ecosystem underscores the ongoing efforts to ensure Ethereum’s scalability and sustainability in the long term.