Ethereum

Impact

Optimism

Notable

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/vitalik-buterin-highlights-ethereum-layer-2-networks-cultural-impact/" data-wpel-link="internal">Vitalik Buterin Highlights Ethereum Layer-2 Networks’ Cultural Impact</a><br></p>
<p class="p1" style="text-align: justify">One of Ethereum’s creators, <strong>Vitalik Buterin,</strong> says that Ethereum Layer-2 networks are not only about scaling but also serve as a gathering point for subcultures that grow the Ethereum ecosystem more than a single chain could. In a blog post published on May 29, Ethereum co-founder Buterin examined the benefits of Layer-2 networks beyond technical <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">innovation</a> and argued that this layer also serves as a breeding ground for crypto subcultures.</p> 
<h2 class="p1" style="text-align: justify" id="buterin-and-layer-2-ecosystems">Buterin and Layer-2 Ecosystems</h2> 
<p class="p1" style="text-align: justify">These subcultures include old-school cypherpunks who build infrastructure and tools without being intrusive about their use, while philanthropic regens focus on providing public goods to the community.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-357523 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/vitalik.webp" alt="" width="949" height="691"></p> 
<p class="p1" style="text-align: justify">Additionally, there are speculative degens who try to profit from trending <a href="https://en.coin-turk.com/exploring-the-hype-around-kero-and-the-new-snap-coin-craze/" data-wpel-link="internal">memecoin</a> projects or NFTs. Buterin explained that these subcultures, first identified by Ethereum researcher Prof. Paul Dylan-Ennis, have resulted in several different approaches to scaling, virtual machine design, and application options. Buterin said this shows how Layer-2 networks have become the best playground for action:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“For example, corporate profit-focused groups and people buying monkey pictures are culturally very, very different.”</p> 
</blockquote> 
<h2 class="p1" style="text-align: justify" id="notable-details">Notable Details</h2> 
<p class="p1" style="text-align: justify">Buterin is optimistic that all subcultures in the Ethereum Layer-2 ecosystems can be balanced with the concept of cultural pluralism, which will ultimately benefit the Ethereum ecosystem. Buterin explained that cultural pluralism allows one subculture to focus on core development while another focuses on growing the ecosystem’s edges.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-357522 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/eth-3.webp" alt="" width="927" height="459"></p> 
<p class="p1" style="text-align: justify">Buterin highlighted several cultural traits emerging in Ethereum’s Layer-2 networks, such as more women taking leadership roles in Optimism and zkSync’s commitment to being both cypherpunk and user-friendly. He also acknowledged the many challenges arising from conflicts between these subcultures due to incentive misalignments but was confident they would be resolved in time:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“Ethereum is an ongoing experiment, and one of the things that excites me about the ecosystem is its willingness to tackle tough problems head-on.”</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/vitalik-buterin-highlights-ethereum-layer-2-networks-cultural-impact/" data-wpel-link="internal">Vitalik Buterin Highlights Ethereum Layer-2 Networks’ Cultural Impact</a></h5>

Vitalik Buterin Highlights Ethereum Layer-2 Networks’ Cultural Impact

Table of Contents

COINTURK NEWS

Other articles published on May 30, 2024

Ethereum Whale Holding $650 Million in ETH Decoded: Possible Identity Unveiled

Why Litecoin (LTC) Might Not Be the Best Investment Right Now

The EU Commission Urged to Prepare for Blockchain and AI Integration: The 5 Altcoins to Buy in Pr...

Analysts Are Bullish On Decentraland (MANA), Can It Go Parabolic?

Ramp Network Introduces SEPA Instant Transfers in Europe and Adds 35 New Local Currencies

Singapore’s Largest Bank Is An ETH Whale Holding $647 Worth ETH

Join our free newsletter for daily crypto updates!