Vitalik: 3x less confidence in the concept of “simplifying L1 even at the expense of more complex L2”
Ethereum founder Vitalik Buterin said on social media that, to be honest, my confidence in the concept of "simplifying L1 even if it sacrifices more complex L2" has decreased by three times compared to five years ago. The problem is that when weighing the risks of L1 errors and L2 errors, it is not clear whether the latter is better.
If there is a consensus failure in L1, core developers will be busy for a day, but everything will eventually return to normal. If there is an L2 error, people may permanently lose a large amount of funds.
Therefore, I believe it is actually worth adding some quite complex L1 functions to reduce the code burden of L2 and make it relatively simple.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Bitget Live Trading Competition: Share 20,000+ USDT Prize Pool
Trending news
MoreCrypto prices
More
