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Vitalik tells Ethereum L2s ‘Stage 1 or GTFO’ — Who makes the cut?

Vitalik tells Ethereum L2s ‘Stage 1 or GTFO’ — Who makes the cut?

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Source: Coin Telegraph

According to L2Beat, six Ethereum layer 2s have already reached Stage 1, while most others are still stuck at Stage 0.

Ethereum co-founder Vitalik Buterin stated on Sept. 12 that he will no longer consider a network a “layer 2” if it has not reached “Stage 1” by the end of the year.

“The era of rollups being glorified multisigs is coming to an end,” he stated, adding that “the era of cryptographic trust is upon us.” 

The question of whether a network is a layer 2 isn’t just a technicality for the Ethereum community.

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Author: Christopher Roark