Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies Ethereum at a Crossroads - Vitalik Buterin (Live from EthCC 7)
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Jul 14, 2024 
Vitalik Buterin discusses Ethereum's challenges like L2 competition and staking decentralization. Topics include non-financial crypto apps, account abstraction, Solana vs. Bitcoin, geopolitics, and AI impacts.
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Ethereum As A Minimal Settlement Layer
- Ethereum should primarily be a secure minimal base layer serving Layer 2s and asset transfers between them.
- Optimizing L1 for rollups increases scalability while preserving shared security and interoperability.
EVM Could Become A Rollup
- One extreme is to remove EVM from L1 and restrict on-chain execution to ZK proof verification only.
- That would force all execution to live in rollups, making L1 ultra-minimal and highly focused on security.
Middle Path: Faster L1 Confirmations
- A middle path adds modest L1 features like faster confirmations (e.g., 2–4s slots) to ease L2 designs.
- Faster L1 confirmations let more rollups rely on L1 sequencing and simplify rollup architectures.