@Binance News Vitalik Buterin Highlights Importance of Fast Withdrawals for Ethereum Layer 2
AI Summary
According to BlockBeats, Ethereum co-founder Vitalik Buterin expressed enthusiasm over the progress of mainstream Layer 2 solutions reaching Stage 1, known as the 'limited training wheels' phase. He emphasized the significance of achieving rapid withdrawals through zero-knowledge proof systems, considering it more crucial than advancing to Stage 2, which involves 'no training wheels.' Fast withdrawal times are vital as they reduce liquidity providers' capital costs. If native withdrawal times can be shortened to under an hour in the short term and to 12 seconds in the medium term, it would further solidify Ethereum Layer 1 as the default platform for asset issuance and the economic center of the Ethereum ecosystem.