- 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 Ethereum’s 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 Optimism’s accomplishment and expressing his hope that many more L2s would join the “Stage 1” initiative.
With the description “Ethereum: where yesterday’s FUD is today’s 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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