The Protocol: Vitalik Buterin’s stark warning on layer-2 roadmap
Summary
Ethereum co-founder Vitalik Buterin has declared that the original rollup-centric layer-2 scaling roadmap for Ethereum is obsolete. He argues this is because Ethereum is now scaling effectively on layer 1, with low transaction costs and expected increases in gas limits. Furthermore, Buterin noted that many layer-2 networks have been slow to achieve expected levels of decentralization or may intentionally avoid higher stages for regulatory reasons. Consequently, layer-2s are no longer strictly necessary as official extensions of Ethereum, as the core network is achieving scaling goals.
The article also covers other key developments: Tether released MiningOS (MOS), an open-source operating system for Bitcoin mining, aiming to increase transparency and reduce reliance on proprietary software. The Ethereum Foundation has elevated post-quantum security to a strategic priority, creating a dedicated team to address quantum computing threats to cryptography. Additionally, the Flare blockchain integrated with Morpho to enable lending and borrowing for XRP-linked assets (FXRP), expanding DeFi options for XRP holders.
(Source:CoinDesk)