Vitalik Buterin: Ethereum must adopt ‘three transitions’ to succeed
As one of the largest blockchain ecosystems continues to grow, Ethereum co-founder Vitalik Buterin notes that it will be necessary to adopt the “three transitions ” for Ethereum to be sustainable in the long term. These transitions , as Buterin explains in his latest blog post are: layer-2 scaling, wallet security and privacy. “It’s not just Features of the protocol that need to improve; in some cases, the way that we interact with Ethereum needs to change pretty fundamentally, requiring deep changes from applications and wallets,” Buterin wrote. Buterin explains that it will be necessary to build cross-chain solutions of layer-2 blockchains, drawing on examples of how it is difficult now for users to have only one address with the multiple different scaling solutions that exist on top of Ethereum today. “In an L2 scaling world, users are going to exist on lots of L2s. Are you a member of ExampleDAO, which lives on Optimism? Then you have an account on Optimism! Are you holdi...