Vitalik Buterin Urges Ethereum Community to Strengthen Interoperability and Align Incentives Across L1 and L2 Networks
On 12 Oct 2024, In response to an Ethereum advocate’s tweet, Ethereum co-founder Vitalik Buterin has emphasised the importance of increasing the interoperability within the Ethereum ecosystem to ensure a more cohesive and user-friendly experience for developers and users alike.
Fee Disparities
Vitalik Buterin noted L2s are benefiting disproportionately compared to L1s. To resolve this issue, Buterin advocates for a more stable and predictable fee structure, highlighting that large difference in fee ratios between L1 and L2 can create unnecessary economic friction. Furthermore he emphasised that the reducing volatility and ensuring both parties are adequately compensated.
The Ethereum co-founder believes that by lowering the variance between L1 and L2 fee accruals, the Ethereum community can foster a more harmonious and efficient environment, where developers and users feel secure in the long-term viability of their work.
Uniformity in the Ethereum Ecosystem
The Ethereum co-founder also stressed the importance of maintaining unity within the Ethereum ecosystem. He pointed out that Ethereum developers, builders, and users need to feel like they are part of the same team, regardless of whether they are working on L1 or L2 projects. To achieve this, Buterin suggested that the community needs to address not only technical interoperability but also cultural and economic aspects that contribute to a sense of cohesion.
Potential Solutions: EIP-7762 and Rollups
Buterin mentioned that various solutions, such as EIP-7762, rollups, and other fee-sharing mechanisms, can play a vital role in achieving these goals. EIP-7762, for example, proposes a system that could help align the incentives between L1 and L2 by introducing new fee-sharing models that ensure both layers benefit from the economic activity they help facilitate. Rollups, which are already gaining traction as a scaling solution, could also help create a more interconnected Ethereum ecosystem by facilitating efficient, low-cost transactions that still benefit from Ethereum’s security guarantees.
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