Vitalik's Vision: Layer 1 with Ecosystem in Mind, Not Just Features
CryptoNewsTerminal Staff05 Jun, 2024
Vitalik's Vision: Layer 1 with Ecosystem in Mind, Not Just Features
Vitalik Buterin, Co-Founder of Ethereum, recently shared his insights on the blockchain industry at X via Twitter. He emphasized that Layer 1 development should consider not only technical features but also the broader ecosystem's needs. Buterin highlighted the importance of a comprehensive plan, stating, "Layer 1 is not just about features. It's not enough to just have a roadmap. You also need to have the resources to execute that roadmap." To foster a holistic ecosystem, Buterin stressed the need for collaboration and resource allocation. He cited ERC-7683, a cross-chain intent standard, as a positive step but emphasized the need for similar initiatives to address the broader ecosystem's challenges. According to Buterin, "We need some kind of coherent big picture view of what are the things that we need, who is working on them, and whether they have enough resources to deliver them." By embracing a wider perspective, Layer 1 can empower the entire blockchain ecosystem to reach its full potential. ---
