Ethereum

<ul><li>Vitalik Buterin highlights Layer-2 protocols as the ultimate playing field for crypto subcultures.</li><li>According to Buterin, Layer-2 ecosystems promote a pluralistic environment, encouraging varied approaches in scaling, virtual machine design, and more.</li></ul>Vitalik Buterin,  co-founder of Ethereum, is among the most reputed personalities in the broader <a href="https://newzchain.com/tag/web3/" rel="noopener noreferrer nofollow">Web3</a> and <a href="https://newzchain.com/tag/crypto/" rel="noopener noreferrer nofollow">crypto</a> ecosystem. His insights into technologies and predictions never fail to amaze. For instance, in one of his March <a href="https://newzchain.com/vitalik-buterin-advocates-for-positive-impact-of-memecoins/" rel="noopener noreferrer nofollow">articles</a>, Buterin talked about some of the interesting aspects of such charity coins and the concept of Robin Hood games.Recently in one of his <a href="https://vitalik.eth.limo/general/2024/05/29/l2culture.html" rel="noopener noreferrer nofollow">blog posts</a>, Buterin shared insightful perspectives on the future and nature of Layer-2 (L2) protocols. According to Buterin, L2 protocols also serve as a breeding ground for crypto subcultures; they are like “cultural extensions of the Ethereum.”<blockquote>“For a subculture, a layer 2 is the ultimate playing field for action. Layer 2s allow subcultures to emerge that are armed with substantial resources, and a feedback loop that forces them to learn and adapt in order to be effective in the real world,” wrote Buterin.</blockquote>According to Buterin, popular researcher Prof. Paul Dylan-Ennis identified three key subcultures within the crypto space: old-school &#34;cypherpunks&#34; who build infrastructure and tools without dictating their use, philanthropic &#34;regens&#34; who focus on community public goods, and speculation-driven &#34;degens&#34; who profit from trending memecoins or NFTs.Furthermore, he also states that a layer-2-centric ecosystem is inherently more pluralistic, naturally leading to a greater diversity of approaches in scaling, virtual machine design, and other technological features.This news was originally published on <a href="https://newzchain.com/vitalik-buterin-layer-2-crypto-subcultures-innovation/" rel="noopener noreferrer nofollow">Newzchain</a>.

Vitalik Buterin Says Layer-2 Protocols are Crucial for Crypto Subcultures

Newzchain

Other articles published on May 31, 2024

Dogecoin, PEPE log minimal drops amid memecoin slump – How?

PayPal Expands PYUSD Stablecoin to Solana, Introduces Confidential Transfers

Analyst Predicts 500% Rise for XRP

eCash Monthly Recap - May 2024

Unprecedented $100M Daily Net Outflows Recorded by Ark Invest’s Bitcoin ETF

700 Million Dogecoin (DOGE) in 72 Hours, Whales Finally Awake

Join our free newsletter for daily crypto updates!