Ethereum $2,318Co-founder of (ETH) Vitalik Buterinin a statement from his account X, emphasized that the cost of Layer 2 technology has decreased significantly and that this will be a key factor in the widespread adoption of decentralized finance (DeFi). Buterin stated that low transaction fees are the cornerstone of the success of the cryptocurrency market, and although this goal has not been fully realized since it was first proposed in 2020, advances in Layer 2 technology are now making it a reality.
Buterin Used Taiko as an Example
Buterin emphasized the importance of Layer 2 technology in his post, stating that DeFi can only truly reach the masses and achieve widespread adoption when transaction fees are low enough. Cryptocurrency market He highlighted that while it has made significant progress in this area over the past few years, high transaction fees are still a major hurdle limiting its further growth. Taiko It is expected that this problem will be fundamentally solved with the emergence of decentralized Layer 2 solutions such as.
Robert Sasu, one of MultiverseX’s core engineers, responded to this question, arguing that while current Layer 2 technology has the potential to reduce fees in theory, in practice it still relies on centralized architectures to deliver low fees. Sasu argued that this centralization contradicts the decentralization principle of Blockchain and that there is an urgent need to find a more decentralized solution.
Buterin stated that he disagreed with Sasu, a decentralized Layer 2 solution based on rollup TaikoHe noted that by successfully achieving low transaction fees, Taiko has proven the feasibility and affordability of decentralized Layer 2. The Ethereum co-founder emphasized that Taiko’s success not only demonstrates the potential of decentralized Layer 2, but also provides a strong reference for the development of more similar projects in the future.
Sasu agreed, but added that rollup-based Layer 2 solutions are still a minority and the industry urgently needs more projects to migrate to this architecture to further increase decentralization and cost optimization across the ecosystem. He called on developers and projects to invest more in rollup technology and work together to increase the diversity and popularity of Layer 2 technology.
What Is Taiko That Buterin Is Pointing To?
Taiko is a decentralized Layer 2 solution based on rollup technology designed to improve the scalability and user experience of the Ethereum network by optimizing the transaction process and reducing transaction fees.
Taiko, which stands out as a project that Buterin has most recently supported, has managed to make significant progress towards decentralization and economic efficiency and is seen as a key driver for the further development of DeFi.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
