Vitalik: Ethereum will eventually achieve instant cross-L2 native asset transfers via L1
BlockBeats News, August 7th, Ethereum founder Vitalik Buterin stated in a post that he was delighted to see many mainstream Layer 2 solutions reach Stage 1 "limited training rounds." The next goal is to achieve fast withdrawals through a zero-knowledge proof system. He believes this is more important than reaching Stage 2 "without training rounds." Fast withdrawal times are crucial as they will reduce the capital costs for liquidity providers. If the native withdrawal time can be reduced to less than 1 hour in the short term and to 12 seconds in the medium term, Ethereum Layer 1 will further solidify its position as the default platform for issuing assets and as the economic center of the Ethereum ecosystem.
For this to happen, we need to abandon the Optimistic proof system, which fundamentally requires waiting for several days to withdraw. Historically, zero-knowledge proof technology has been immature and costly, making Optimistic proof a wise and secure choice. However, this situation is rapidly changing, with the 2-of-3 ZK + OP + TEE proof system strategy striking a balance between security, speed, and maturity. In the long run, we will eventually achieve almost instantaneous cross-L2 native asset transfers through L1.
BlockBeats Note: Stage 1 and Stage 2 are used to assess the maturity and decentralization level of Layer 2 rollups. Stage 1 involves limited training rounds, allowing some lower decentralization features but requiring the rollup to meet basic security and functional standards. Stage 2 involves no training rounds, requiring the rollup to achieve higher decentralization and security, approaching a fully decentralized state.
You may also like

From Human Application to Intelligent Collaboration: How GOAT Network Builds the Next Generation Digital Economy

CZ Washington Dialogue: Crypto Entrepreneurs are Accelerating Their Return to the United States

Morning Report | Strategy increased its holdings by 1,031 bitcoins last week; Katana Blockchain acquires IDEX; NYSE completes rule change to eliminate trading limits on crypto ETF options

Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns

Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy

Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis

Zuckerberg is building an AI agent to help him as CEO

Bloomberg: Swiss Private Bank Old Guard Rifts, Is Bitcoin the Spark?

Zuckerberg is building an AI assistant to help him be CEO

Join WEEX AI Wars II: How WEEX API, Trader Skills Empower AI Trading Innovations
Join WEEX AI Wars II and be part of a global AI trading revolution. Compete with top AI agents and bots, showcase your strategies, and leverage WEEX API and Trader Skill to innovate, automate, and gain exposure in the AI trading ecosystem. Onboard your AI agent to WEEX AI Wars II NOW.

What kind of scenario will Backpack's TGE today play out in the bear market opening?

Polymarket Ten Million Dollar Winner Retrospective: 40 Addresses, 100,000 Transactions, Only Three Ways to Make Money

The Most Brutal Single-Month Plunge in 43 Years, Gold's Every Top Looks Like This

Jiang Xueqin's Latest Interview Transcript: How to View the Current Global Changes

Maximize Your USDT Yield: The Weex Auto Earn Strategy for Passive Crypto Income
Learn how to earn interest on USDT with WEEX Auto Earn. Discover how stablecoins can generate passive income and why some platforms now offer up to 300% APR.

1 million investment yields over 1 billion return, Airwallex co-founder Liu Yueting reviews key life investments

Polymarket Millionaire Review: 40 addresses, 100,000 transactions, only three ways to make money

