Ethereum’s Vitalik Buterin Says He’s Most Bullish About the Introduction of Rollups in 2023

Vitalik Buterin with a cowboy hat on a mechanical bull

Vitalik Buterin, the co-founder of Ethereum, has shared that he’s most bullish about reaching “basic roll-up scaling” in 2023, marking the beginning of the Surge Phase to scale the network.

Buterin is Bullish About Rollups in 2023 

In responding to a question from former chief technology officer of Coinbase, Balaji Srinivasan, about what users were bullish for in 2023, Buterin highlights reaching the “basic rollup scaling” milestone on the Ethereum roadmap.

According to Buterin, this means rollups entering at least stage one and the launch of EIP-4884 — an update introducing “proto-danksharding” to enhance Layer-2 rollup scalability significantly. He tweeted;

Phases of Rollups on the Ethereum Network 

The stages of rollup development were a reference to the three stages of the “trust model.” Stage Zero, or having “full training wheels,” means the technology has all the requirements to process transactions without the operator.

In Stage One, or “limited training wheels,” the technology would have a transaction verification method to accept or reject transactions allowed by the smart contract and overriding security council to oversee the process. 

In Stage Two, or “no training wheels,” there would be two distinct fraud provers, two distinct validity provers, or one of each. At this stage, rollups will support upgrades but must have a delay of more than 30 days.

On the Flipside

  • Buterin has previously noted that it will “take years of refinement and audits” until crypto users feel comfortable storing their assets on a rollup.

Why You Should Care

Buterin is bullish on rollups in 2023 as it would begin Ethereum’s journey into becoming a high throughput chain, processing up to 100,000 transactions per second.

Find out other things Buterin is excited about in:
Vitalik Buterin Shares His Five Things About Ethereum to Be Excited About

To know more about Buterin, read:
Vitalik Buterin: The Man Behind Ethereum

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia