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Ethereum founder emphasizes the importance of zero-knowledge proof system for fast withdrawal of Layer 2
According to BlockBeats, Ethereum founder Vitalik Buterin said that it is surprising that many mainstream Layer 2s have reached Stage 1, and the next goal is to achieve fast withdrawals through a zero-knowledge proof system.
He believes that fast withdrawal times are crucial and will reduce the cost of capital for liquidity providers. If the native withdrawal time can be shortened to less than 1 hour, or even 12 seconds, it will consolidate Ethereum's position as a Layer 1.
Buterin pointed out that the optimistic proof system needs to be abandoned because it requires waiting for several days to withdraw. The 2-of-3 ZK + OP + TEE proof system strategy strikes a balance between security, speed, and maturity.
He believes that fast withdrawal times are crucial and will reduce the cost of capital for liquidity providers. If the native withdrawal time can be shortened to less than 1 hour, or even 12 seconds, it will consolidate Ethereum's position as a Layer 1.
Buterin pointed out that the optimistic proof system needs to be abandoned because it requires waiting for several days to withdraw. The 2-of-3 ZK + OP + TEE proof system strategy strikes a balance between security, speed, and maturity.
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