Ethereum Rethinks Layer-2? Vitalik Flouts New Roadmap
Ethereum founder Vitalik Buterin is rethinking the blockchain’s relationship with layer-2 solutions. L2 blockchains such as Arbitrum, Optimism, Starknet, Metis, and Base are built on top of the Ethereum mainnet network. However, their growth has been much slower than previously believed, while L1’s are scaling at a faster rate. The recent market dip is also adding pressure on L2’s growth prospects. That’s the message from Vitalik, as the $275 billion blockchain’s co-founder opined that layer-2 solutions are growing too slowly to achieve maturity, while Ethereum’s own base-layer is scaling up. “Ethereum itself is now scaling directly on layer 1, with large planned increases to its gas limit this year and the years ahead,” he said. Vitalik’s rethinking of layer-2 solutions comes at a time when Ethereum plunged close to 30% in a month. ETH fell from a yearly high of $3,200 to a low of $2,250 on Wednesday. It is also down 55% from its all-time high of $4...