RATE Group | Ethereum [ETH]’s Vitalik Buterin speaks about sharding, Plasma and level-2 solutions
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Ethereum [ETH]’s Vitalik Buterin speaks about sharding, Plasma and level-2 solutions

29 Aug Ethereum [ETH]’s Vitalik Buterin speaks about sharding, Plasma and level-2 solutions

Posted at 22:05h in Ethereum News by

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Vitalik Buterin, the Co-founder of Ethereum [ETH], recently spoke up on the argument on whether development should be focused on first-layer or second-layer functionalities in blockchains. He spoke about the tradeoffs that come with it and offered his opinion on what should be done.

He began by offering a definition of what first- and second-layer solutions are. Layer 1 solutions are those that are built into the layer of the blockchain itself, as opposed to Layer 2 solutions that are built on top of the blockchain without changing the rules of the blockchain itself.

A notable example of a layer 1 solution was the activation of Segregated Witness on the Bitcoin [BTC] blockchain, which required a change to the consensus rules of Bitcoin. A layer 2 solution would be the Lightning Network, a system of payment channels built on top of the Bitcoin blockchain.

Buterin stated that this contrast has mostly been observed in debates regarding the scaling of blockchains, in…

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