Vitalik Buterin Hails Ethereums Journey and Optimisms Milestone
- Optimism is in what the development team calls Stage 1 of decentralization.
- Buterin used the chance to praise Ethereum for overcoming obstacles over the years.
Vitalik Buterin is praising the successes of Ethereums Layer 2 protocols in light of the recent Optimism (OP) milestone. As per OP Labs, Ethereum L2 Optimism has now included fault proofs to its smart contracts. As of right now, Optimism is in what the development team calls Stage 1 of decentralization.
Prior to reaching this conclusion, Vitalik Buterin, co-founder of Ethereum, listed a number of significant achievements next to Optimism. Users may now begin withdrawals freely without involvement from any trusted third parties, thanks to the implementation.
Overcoming FUD Over the Years
Buterin used the chance to praise Ethereum for overcoming obstacles, seeing this growth as an opportunity. He began by praising Optimisms accomplishment and expressing his hope that many more L2s would join the Stage 1 initiative.
With the description Ethereum: where yesterdays FUD is todays solved problems, Buterin published a meme. About six doors were shown in the image, each having a FUD detailed on it. The fact that five of the six doors have been unlocked suggests that Ethereum has effectively navigated them.
Some of the FUD mentioned in the memes included claims that the procedure has failed to meet many milestones. Among the many Ethereum-related impossibilities, the fact that the protocol will never go live stands out.
Nonetheless, about nine years ago, on July 30, 2015, Ethereum was introduced as a platform. Furthermore, some claim that Ethereum will fail to survive the DAO fork. However, just a year after its inception, the protocol had a hard fork. Vitalik Buterin continued by detailing the whole history of the network, including the introduction of low fees and other developments.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
