Quantcast

Co-founder of Ethereum on L2 development: A 'combination of trust minimization and efficiency'

Bitcoin: Pro-Crypto Cynthia Lummis Heads New Senate Subcommittee
Trump's Future Treasury Secretary Holds $500,000 in Bitcoin ETFs
Bitcoin Difficulty Hits All-Time High, Adjusts Positively for 8th Consecutive Time
Bybit halts India service following string of suspensions in other markets
Hong Kong launches 'supervision incubator' to help banks adopt blockchains
MEP Berger: 'The FDP needs Bitcoin'
Sen. Lummis on Ex-Vice Chair of Federal Reserve: He was 'enabling Chokepoint 2.0'
3 Russians Face U.S. Money Laundering Charges Over Mixing Services: DOJ
US Senate: Pro-Bitcoin leader heads crypto subcommittee
Gemini Agrees to Pay $5M Settlement in CFTC Case
Bhutan economic hub to set up strategic crypto reserve
CFTC: Rostin Behnam announces his resignation
Bountycaster Co-Founder on loan rejection: I 'Experienced Operation Chokepoint 2.0 firsthand'
Strategic Bitcoin Reserve: Czech Central Bank does not rule out this possibility
Binance marks 21st global regulatory milestone with authorization in Brazil
Crypto and Stock Market: what not to miss for the week of January 6 to 12
French regulator authorizes crypto operations for BPCE subsidiary
Dutch Regulator AFM Awards EU MiCA License to 4 Companies
MiCA can attract more crypto investment despite overregulation concerns
MicroStrategy Buys a Further 1,070 Bitcoin
Crypto Youtuber on Chokepoint 2.0: I got 'denied from opening a bank account'
Expert accuses BlackRock of manipulating Bitcoin price
Centralization and the authoritarian threat to privacy — Web3 exec
MicroStrategy Buys Another 2,138 Bitcoin, Adding to Holdings for an 8th Straight Week
EU crypto regulation MiCA comes fully into force
Russia enforces a six-year ban on cryptocurrency mining across ten regions
Bitcoin Kimchi Premium Spikes as South Korea's Political Turmoil Escalates
Artificial Intelligence: Bitcoin at $1 million in 2030 if these 3 conditions are met
Stablecoin adoption, ETFs to propel crypto performance in 2025: Citi
EU silence does not make USDT MiCA-compliant, says exec
Co-founder of Ethereum on L2 development: A 'combination of trust minimization and efficiency'
Web3/Crypto
Webp vitalik buterin ethereum
Vitalik Buterin, Co-founder for Ethereum | Facebook

Vitalik Buterin, co-founder of Ethereum, said that building layer-2 networks to leverage Ethereum’s core features delivers security and efficiency unachievable by earlier enterprise blockchains. The statement was made on X.

"The best way to build an L2 is to lean into the L1's offerings (security, censorship resistance, proofs, data avail...) more, and reduce your logic to just being a sequencer and a prover (if based, just a prover) over the core execution," said Buterin. "This is the combination of trust minimization and efficiency that the 2010s enterprise blockchain crew wanted, but was never able to achieve. Now, with Ethereum L2s, you can achieve it. And we've already seen successful examples of the L1's features protecting users' rights if something on the L2 goes wrong."

In 2025, alternative Layer-1 (alt-L1) blockchains such as Celo and Gnosis Chain have begun transitioning to Ethereum Layer-2 solutions to benefit from Ethereum’s security and ecosystem. According to The Block, these projects cite lower fees, stronger network effects, and improved interoperability as the main reasons for the move. This reflects a growing industry consensus that Ethereum L2s offer better long-term prospects than competing L1s.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

By mid-2025, Ethereum L2 networks like Arbitrum, Optimism, and Base collectively held over $39 billion in total value locked (TVL), compared to less than $10 billion across all alternative L1s. According to L2Beat, L2s have experienced fewer major security incidents and generally offer stronger security guarantees, supporting rapid adoption by both users and developers.

Recent data from Messari and the Celo Foundation indicate that transitioning from L1 to L2 on Ethereum can reduce transaction costs by up to 95% and carbon emissions by more than 80%. Messari reports that Celo’s move to an L2 model is credited with making the network both more efficient and environmentally friendly, accelerating sustainability across the blockchain sector.

Vitalik Buterin is a Russian-Canadian programmer best known for co-founding Ethereum in 2015 after his work with Bitcoin Magazine. According to the Ethereum Foundation, Buterin has shaped the blockchain industry by advocating for L2 scaling and sharding. He remains a leading voice in debates on scalability and decentralization. His influence extends through technical research and global speaking engagements.

Ethereum was launched in July 2015 by Vitalik Buterin, Gavin Wood, and others as a platform for decentralized applications and smart contracts. As said on Ethereum.org, its mission is to build a more open, accessible, and censorship-resistant internet. It is supported by a global developer community now exceeding 350,000 people in 2025. Ethereum continues to lead in smart contract innovation worldwide.

Organizations Included in this History
More News

Charlie Bilello, chief market strategist of Creative Planning, said that gold and bitcoin lead all major asset classes in performance for 2025, marking a unique occurrence.

Jul 18, 2025

Binance has announced an update to the collateral ratios for several assets under its Cross Margin platform, set to occur between July 25 and August 1.

Jul 18, 2025

Changpeng "CZ" Zhao, founder of Binance, said that the New York Stock Exchange (NYSE) should not be equated with the entire U.S. economy.

Jul 18, 2025

Vitalik Buterin, co-founder of Ethereum, said that building layer-2 networks to leverage Ethereum’s core features delivers security and efficiency unachievable by earlier enterprise blockchains.

Jul 18, 2025

Marina Markezic, co-founder of the European Crypto Initiative, said that increased regulatory attention on Maximal Extractable Value (MEV) necessitates counter-measures to protect users and maintain market integrity while ensuring blockchain...

Jul 16, 2025

Changpeng Zhao, founder of Binance, has said that a Bloomberg article contained multiple factual errors and suggested that legal action for defamation could be considered again.

Jul 16, 2025