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Vitalik: Ethereum L1's stability is increasing, and many L2 teams are willing to work together to improve interoperability

CointimeCointime2024/08/27 08:04
By:Cointime

Vitalik Buterin, co-founder of Ethereum, stated on X platform: "I have communicated with many Layer2 solution teams, and everyone is very willing to work together to improve the overall interoperability of the Ethereum ecosystem. One thing I want to add is that the stability and reliability of Ethereum Layer1 are constantly improving. Over the past year, we have witnessed that the fear of review and centralization panic has not come true - in fact, the opposite is true. The idea that 'PoW is the gold standard of assets' is being proven wrong, and this is becoming increasingly clear over time. The proportion of blocks that review transactions is also continuously decreasing, and all of this happened before the launch of solutions such as FOCIL. For a long time, I have been most worried about the block building part (which I call the "disaster") in the roadmap, but now it seems that the light at the end of the tunnel has been seen, and the debate mainly focuses on FOCIL+APS and BRAID. For decentralized finance (DeFi), the top and most important thing is to ensure that users will not suffer -100% annual percentage yield (APR). The stability (including anti-review) of Layer1 and the increasing success of smart contract wallets are positive signals for this."

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