{"id":252002,"date":"2024-02-22T12:04:16","date_gmt":"2024-02-22T06:34:16","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=252002"},"modified":"2024-02-22T12:04:16","modified_gmt":"2024-02-22T06:34:16","slug":"vitalik-remains-wary-of-overly-complex-layer-2s-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/vitalik-remains-wary-of-overly-complex-layer-2s-crypto-news\/","title":{"rendered":"Vitalik Remains Wary Of Overly Complex Layer 2s &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>The Ethereum founder thinks it could be \u201cworth adding some pretty sophisticated L1 features to reduce the code burden of L2s.\u201d<\/p>\n<div>\n<p>A commonly held belief in the blockchain community is that the design of Layer 1 networks should be as simple as possible without sacrificing functionality to minimize the chances of critical bugs and attack vectors for malicious actors. As a result, scaling solutions like Layer 2 networks are expected to take on the burden of more complex features.<\/p>\n<p>Ethereum founder Vitalik Buterin remains unconvinced and took to social media on Wednesday to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1760449291951423576\"> <!-- -->reiterate<\/a> his concerns over exceedingly complicated Layer 2s.<\/p>\n<figure><\/figure>\n<p>Buterin went on to point out that a Layer 1 blockchain can recover relatively quickly from a potential consensus failure but that \u201cpeople could permanently lose lots of money\u201d in case of a critical bug in a Layer 2 network\u2019s code.<\/p>\n<p><!--$!--><!--\/$--><\/p>\n<p>He concluded by calling for a balanced approach, suggesting that it could \u201cactually be worth adding some pretty sophisticated L1 features to reduce the code burden of L2s and allow them to be reasonably simple.\u201d<\/p>\n<p>The crypto ecosystem has evolved greatly over the past decade through the emergence of diverse blockchain ecosystems centered around Layer 1 networks like Bitcoin, Ethereum and Solana.<\/p>\n<p>With developers looking to create increasingly complex onchain applications, attention shifted in recent years to scaling solutions in the form of Layer 2 networks, which bundle together transactions executed on a separate network and submit them in batches for validation on Layer 1 to significantly boost throughput and reduce transaction fees.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/l2beat.com\/scaling\/activity\" class=\"no-underline\"><\/p>\n<figure><img decoding=\"async\" alt=\"Layer 2 Activity\" loading=\"lazy\" width=\"960\" height=\"371.37489325362935\" data-nimg=\"1\" class=\"mx-auto\" id='b' style='filter: url(%23b)' src=\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F3b920835550954d4314970c78a7df8bc2bc58be4-1171x453.jpg&amp;w=828&amp;q=100\" \/><figcaption class=\"text-center text-xs\">Layer 2 Activity<\/figcaption><\/figure>\n<p><\/a><\/p>\n<p>Ethereum\u2019s Layer 2 ecosystem has grown tremendously over the past year and a half and commands over $27 billion in total value locked (TVL). Transaction activity surpassed mainnet in October 2022, with Layer 2s now routinely processing five times as many transactions, according to L2beat.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Ethereum founder thinks it could be \u201cworth adding some pretty sophisticated L1 features to reduce the code burden of L2s.\u201d A commonly held belief in the blockchain community is that the design of Layer 1 networks should be as simple as possible without sacrificing functionality to minimize the chances of critical bugs and attack [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":252003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-252002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=252002"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252002\/revisions"}],"predecessor-version":[{"id":252005,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252002\/revisions\/252005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/252003"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=252002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=252002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=252002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}