Vitalik Buterin Shared New Guidance for Ethereum Developers

Ethereum co-founder Vitalik Buterin has stressed that web developers must balance the needs of Web3 newcomers and decentralized application development (dApp) veterans.

Speaking at the BaseCamp Summit on August 1, Buterin highlighted Ethereum’s transition from small-scale applications to those potentially serving tens of millions. He stressed the importance of making apps user-friendly while maintaining the core values of decentralization.

Buterin noted the shift of the Ethereum ecosystem from layer one to layer two and applications, urging developers to appeal to users of all skill levels without relying on centralized infrastructure. He emphasized creating solutions that serve both novice and advanced users by facilitating a smooth transition between skill levels.

Buterin also acknowledged the role of centralized financial companies like Coinbase in integrating new users into the crypto space, posing the question of how to engage the millions of coin holders beyond simply holding them.

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The young billionaire highlighted the need to improve inter-chain interoperability to reduce friction (fraction) when transferring assets and accessing dApps across multiple layer two networks. He mentioned ERC-3370 and ERC-7683 as promising upgrades to simplify inter-circuit transfers and called for studies to improve Layer 2 interoperability.

Additionally, Buterin discussed the importance of decentralization of layer two architectures. He outlined a progression from Stage 0 decentralization, where state roots are fed centrally, to Stage 1, which involves a security board overseeing state root submissions, and Stage 2, which enforces delays on contract upgrades and changes to state roots only in the event of errors.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.