Vitalik Buterin Discloses Plans to Solidify Ethereum L1 as Default Asset Issuing Platform
Main Idea
Vitalik Buterin outlines his vision for Ethereum Layer 2 projects, emphasizing the importance of advancing to Stage 2 with Zero Knowledge proof systems and improving withdrawal speeds.
Key Points
1. Ethereum co-founder Vitalik Buterin highlights the progress of Layer 2 projects, with many reaching Stage 1.
2. Buterin prioritizes advancing to Stage 2 using Zero Knowledge proof systems for transaction validity.
3. He stresses the need to improve withdrawal speeds and references his earlier proposal for a 2-of-3 ZK + OP + TEE proof system strategy.
4. Buterin suggests submitting ZK proofs once per hour to optimize costs and efficiency.
Description
Ethereum developers have recently achieved a remarkable milestone with Layer 2 projects on the Ethereum network.
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