Home Fear & Greed Pools Wallets Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 17828
Markets: 103452
Crypto Currency Tracker logo Crypto Currency Tracker logo
ENG
EST
RUS
TUR
DEU
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRO
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VEF
VND
VES
VUV
WST
ZAR
ZMW
ZWL
Market Cap
24h Vol
17828
Cryptocurrencies
61.37%
Bitcoin Share
Cryptopolitan 2025-03-29 23:15:06

Vitalik Buterin details Ethereum Layer 2 roadmap and pushes for open-source funding

Vitalik Buterin details Ethereum Layer 2 roadmap and pushes for open-source funding

Ethereum founder Vitalik Buterin outlined a new L2 roadmap meant to support their token’s scalability. He also believes the crypto community should prioritize open-source funding instead, as public goods funding is still subject to social desirability bias. Meanwhile, his Ethereum network will need to increase its data capacity to accommodate an L2 model release. The network, though, does have an upgrade in the works. Pectra, possibly launching by April 30, could raise blob space to up to 6 units. Moreover, by the end of the year, the network plans to have 72 units through the Fusaka upgrade as well or, at least, bulk up to 12-24 units. Ethereum L2 model will use optimistic, zero-knowledge and trusted execution environment proof types Buterin’s L2 proposal will feature a system with a 2/3 multi-signature mechanism, utilizing optimistic, zero-knowledge (ZK), and trusted execution environment (TEE) proofs. That implies that before any transaction is finalized, it has to pass through ZK and TEE validations. Then, a seven-day optimistic challenge period is provided if the transaction does not meet the former checks’ criteria. Additionally, the system can be upgraded to proof logic, but there will be a 30-day delay per network policy. Generally, the L2 model will maintain properties such as decentralization and trust minimization but improve in terms of speed and network security. However, Buterin cautioned that using common code across ZK rollups might allow bugs to spread between them, increasing the overall risk. Wei Dai, a research partner at 1kxnetwork, detailed, “This means that the finality of rollups can be as fast as zk proving (~ Buterin has encouraged people to take on open-source funding instead of public goods funding Buterin also called for the change to open-source funding from public goods funding. He argued that the term “public good” can be “stretched so easily.” Buterin explained that the word “public good” is often used to describe a ‘good that comes from the government’ and not exactly something great in an economic sense, so the name may create a false perception. He added that people already perceive public good funding as lacking rigour and being cultivated on the basis of social desirability. He insisted that contrary to public goods funding, open-source funding is more transparent and could drive collaboration. He, however, cautioned against taking on any other open-source project, asking people only to support those that add value. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

Most Read News

Market Cap
24h Vol
61.37%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.