Ethereum Needs Unified Interoperability Protocol for L2 Networks

The Ethereum ecosystem needs a single, fully decentralized protocol to enable the movement of assets between L2 networks and the ability to integrate them into crypto wallet interfaces.

Vitalik Buterin, Co-Founder of Ethereum, shared his thoughts that the L2-verse doesn’t feel like a “unified Ethereum.” In his opinion, the situation is much better than a year ago, but still far from desirable.

What can strengthen the monolithic nature of the Ethereum ecosystem is a single, fully decentralized protocol that enables L2 network interoperability. Moreover, according to Buterin, such a solution shouldn’t complement the existing interaction protocols implemented in L2 sub-ecosystems but completely replace them, which will avoid unnecessary fragmentation of the Ethereum ecosystem.

In addition, Vitalik believes that it’s currently more logical to use the first level of Ethereum for certain tasks. He mentioned transaction execution, changes to smart contracts of wallets, and Ethereum Name Service (ENS) interactions as examples.

In a recent article, Vitalik Buterin raised several other pressing issues that the Ethereum community will have to address in the foreseeable future. The material is of a technical nature and prepared for developers, but if we summarize the described problems, the main ones are:

• use of maximal extractable value (MEV) algorithms;
• bias towards liquid staking and lack of solo staking;
• extremely high hardware requirements for independent node deployment and the need for specific skills to manage it.

In general, the main vectors of Ethereum development in the mid-term remain increasing the level of decentralization and security of the mainnet.

Earlier, Vitalik also called to prepare for the post-quantum future by developing today’s necessary measures. His opinion was later confirmed in the academic environment, a prominent representative of which spoke on the potential vulnerability of most blockchain systems to attackers with a quantum computer.

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