Spotlight on Stage 1 Layer 2 Projects
Starting next year, the attention will be primarily directed towards Layer 2 projects that have achieved at least Stage 1 in their development process. This announcement underscores the importance of reaching this particular phase, signifying a project's substantial progress and resilience. Projects that have not reached Stage 1 may still garner attention if they introduce innovative or compelling concepts, meriting a "brief grace period." However, this marks a clear preference for projects demonstrating considerable advancements.
A New Threshold for Discussion
The criteria for publicly discussing L2 projects have been clearly outlined, emphasizing the significance of reaching Stage 1. This milestone is a testament to a project’s development and operational capability, setting a benchmark for recognizing Layer 2 ventures. The excitement is palpable regarding several ZK Rollups anticipated to reach this stage by the end of 2024, showcasing the rapid innovation within the field.
The Vision and Security Principles of Layer 2 Development
Despite facing criticism over aligning with ethereum’s core principles, the strategic approach towards Layer 2 development remains steadfast. The roadmap unveiled in 2020 highlighted a rollup-centric strategy, reinforcing the commitment to bolstering scalability and efficiency through Layer 2 solutions. Security remains a paramount concern in this endeavor, advocating for rigorous testing of security-proof systems. This cautious approach ensures the integrity of L2 solutions, safeguarding against any potential pitfalls.
Maintaining a balance between innovation and security, Stage 1 is heralded as a “reasonable moderate milestone,” indicative of a project’s capacity and reliability. The governance structure, where a significant portion of the committee comprises members outside the rollup team, mitigates risks of bias and conflict of interest, ensuring a broader perspective in decision-making processes.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Readers are advised to exercise caution before taking any action related to the content.