29 Mar

Co-founder of Ethereum Vitalik Buterin suggests raising the bar for Ethereum network standards while assessing layer-2 scaling options.

Vitalik Buterin, a co-founder of Ethereum, proposes enhancing the criteria for what defines a rollup in the Ethereum network. He underlines that developers should give decentralization initiatives top priority, with the goal of making substantial advancements in this area by year's end.

These comments were stated in Buterin's most recent blog post on March 28, which was a reflection on the year ahead in light of Ethereum's most recent Dencun upgrade, which significantly lowered transaction fees for layer 2 rollups.

Buterin notes that Ethereum is currently going through a major shift from a period of fast Layer 1 (L1) advancement to a future where L1 progress will continue to be significant but will happen more gradually.

He went on to say that the ecosystem's requirements will have to be more stringent, saying:

Stage 1 is Vitalik Buterin's classification of layer-2 decentralization progress; it denotes a network that has advanced significantly in security and scalability but has not yet reached full decentralization. (stage 2). 

Of the layer-2 projects on L2beat, Buterin noted that just five have advanced to either stage 1 or stage 2, with Arbitrum being the only one that is completely Ethereum Virtual Machine (EVM) compatible.

The roadmap's next milestones include enhancing layer 2 solutions with strategies including data compression, optimistic execution, and increased security, as well as adopting data availability sampling to raise blob capacity to 16MB per slot.

With rollups and data sharding, Ethereum is presently at the "The Surge" phase of its upgrade roadmap, focusing on scalability improvements. Upgrades pertaining to censorship resistance, decentralization, and protocol hazards from MEV will be included in the upcoming phase, "The Scourge."

March 2024, Cryptoniteuae

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