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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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Home Blockchain

Vitalik Buterin Not a Fan of Simplifying L1s at the Expense of L2s

February 23, 2024
in Blockchain
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Vitalik Buterin Not a Fan of Simplifying L1s at the Expense of L2s
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Vitalik Buterin, the co-founder of the blockchain network Ethereum, has stated that he is not confident in the concept of simplifying “L1 even at the expense of more complicated L2s” because it is currently not clear if L2 blockchain networks are better than L1s.

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In a post on social media platform X (formerly known as Twitter), Buterin noted that he is three times less confident in the notion of simplification of L1s at the cost of L2s than he was five years ago. He added:

The challenge is that when you can trade off between L1 bug risk and L2 bug risk, it’s not actually clear that the latter is better!

The Ethereum creator gave the example of a situation where there is a consensus failure in a Layer 1 blockchain. In such a case, “stuff breaks” and core developers “scramble for a day,” but eventually, everything returns to normal. However, in the case of an L2 bug, “people could permanently lose lots of money,” Buterin pointed out.

Ethereum’s Buterin went on to say, “It can actually be worth adding some pretty sophisticated L1 features to reduce the code burden of L2s and allow them to be reasonably simple.”

The conversation began when Bitcoin enthusiast Leo Fernevak stated in an X post that scaling is not going to happen on the base layer. Fernevak claimed that complex features can be built atop L2s and added that the base layer will always fill up regardless of ‘scaling’ efforts.

See also  Evaluating the impact of Ethereum L2s trying to 'go to the moon'

The technical editor for Bitcoin Magazine, @brian_trollz, replied to Fernevak’s comment, pointing out that L2s are completely limited by what can be implemented on L1s. As reported earlier, Buterin is also excited about the integration of Verkle trees in the Ethereum network, which can save significant disk space used by nodes and provide significant staking benefits.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Tags: ButerinExpenseFanL1sL2sSimplifyingVitalik

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How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

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Lotte and Hyundai Exit NFT Market as Korean Retailers Refocus on Core Business

Lotte and Hyundai Exit NFT Market as Korean Retailers Refocus on Core Business

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