Ethereum Founder Buterin Announces Milestone for Layer 2 Rollups

Buterin stresses rethinking Layer-2 security by adopting a 2-of-3 proof system to achieve rapid withdrawals, highlighting the need to move beyond traditional OP proofs amid evolving ZK technology.

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Summary

Vitalik Buterin, as reported by PANews on August 7th, noted that many mainstream Layer-2 protocols remain at a preliminary security stage and emphasized achieving native withdrawal times under one hour, targeting 12 seconds in the medium term. He proposed abandoning OP proofs in favor of a balanced 2-of-3 approach combining zero-knowledge, Optimistic, and TEE proofs to enhance speed and security, though on-chain gas costs remain a bottleneck.

Terms & Concepts
  • Zero-knowledge proof: A cryptographic method that verifies information without revealing underlying data, ensuring privacy in transaction validation.
  • Optimistic proof system: A system that assumes transactions are valid unless challenged, traditionally involving longer withdrawal times due to delayed dispute periods.
  • 2-of-3 proof system: A strategy combining any two of three proofs (ZK, OP, TEE) to balance security, speed, and maturity, aimed at drastically reducing withdrawal times.