Vitalik: L2 fast withdrawals are key, zk-SNARKs will replace Optimistic systems.

[Coin World] Ethereum founder Vitalik Buterin expressed that it is surprising to see many mainstream Layer 2s reach Stage 1 "limited training rounds". The next goal is to achieve rapid withdrawals through zk-SNARKs. He believes this is more important than reaching Stage 2 "no training rounds". The speed of withdrawal is crucial and will drop the capital costs for Liquidity Providers. If the native withdrawal time can be shortened to within 1 hour in the short term, and to 12 seconds in the medium term, it will further consolidate Ethereum Layer 1's position as the default platform for asset issuance and the economic center of the Ethereum ecosystem.

To achieve this, we need to abandon the Optimistic proof system, which essentially requires waiting several days to withdraw. Historically, zk-SNARKs technology has been immature and costly, making Optimistic proofs a sensible and secure choice. However, this situation is rapidly changing, with the 2-of-3 ZK + OP + TEE proof system strategy striking a balance between security, speed, and maturity. In the long run, we will ultimately achieve almost instant native asset transfers across L2 through L1.

ETH-2.83%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
PrivacyMaximalistvip
· 08-09 14:30
Finally, no need to wait 7 days, let's go!
View OriginalReply0
ConsensusDissentervip
· 08-09 11:25
What the Emperor of ETH said is right.
View OriginalReply0
LiquidityWitchvip
· 08-06 17:49
the dark arts of zk-proofs shall finally banish the cursed optimistic waiting periods... prophecy fulfilled tbh
Reply0
GasFeeCriervip
· 08-06 17:48
The gas fee is too high, let's just gm.
View OriginalReply0
0xLostKeyvip
· 08-06 17:48
L2 is getting more and more attractive, the floor sister v is totally bull.
View OriginalReply0
SnapshotBotvip
· 08-06 17:44
Who cares about withdrawals?
View OriginalReply0
ApeEscapeArtistvip
· 08-06 17:36
12 seconds withdrawal? Are you dreaming?
View OriginalReply0
BridgeNomadvip
· 08-06 17:32
after seeing so many bridge hacks... zk is the only way forward tbh
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)