Vitalik Buterin Asserts Ethereum Readiness for Mass On-Chain Adoption

Ethereum can now support tens of millions of users, says Vitalik Buterin, emphasizing the need for Layer 2 interoperability and enhanced decentralization to balance the needs of both new and veteran crypto users.

Ethereum co-founder and chief scientist, Vitalik Buterin, believes that the Ethereum ecosystem is now capable of supporting tens of millions of on-chain users. He highlighted this during an appearance at the BaseCamp Summit on August 1, where he discussed with Jesse Pollak, the creator of Base, the shift from small-scale applications to those capable of mass adoption.

“As an ecosystem, we’re making this big transition from making mostly these small-scale applications that are kind of clunky… to things that actually, if they succeed, really can be adopted by tens of millions of people,” Buterin said. “The big goal is to make applications which are easy and friendly enough for regular people to use, but, at the same time, satisfy all of the core values of why we are in the space in the first place.”

With the focus moving from Ethereum Layer 1 mainnet to its growing Layer 2 and application ecosystem, Buterin stressed the importance of appealing to crypto users of all skill levels without relying on centralized infrastructure. He emphasized the need for applications that are user-friendly for newcomers while still catering to advanced users, facilitating a seamless transition between skill levels.

“We want applications that are really friendly to people coming into crypto for the first time,” Buterin continued. “At the same time, we absolutely don’t want applications that lead to a crypto world where we have decentralized infrastructure theoretically underneath but absolutely everyone is interacting with the thing through a Google account.”

Buterin noted that while few solutions designed for beginners will also appeal to advanced users, it is crucial to find ways to cater to both audiences to achieve mass adoption. He pointed out that CeFi firms like Coinbase can help bring surface-level crypto users on-chain and expand their activities beyond just buying and holding coins.

Buterin also addressed the need to reduce friction associated with transferring assets and accessing dApps across multiple Layer 2 networks. He highlighted ERC-3370 and ERC-7683 as upgrades aimed at simplifying cross-chain transfers and urged developers to prioritize research into improving interoperability across Layer 2 networks.

“We want an Ethereum world which includes the Layer 2s, to feel like Ethereum and not feel like 34 different blockchains. Right now, we don’t have that yet,” Buterin said.

He called on Layer 2 developers to prioritize moving towards more decentralized architecture, criticizing rollup chains with Stage 0 decentralization. Stage 1 decentralization, according to Buterin, involves maintaining “limited training wheels,” with centralized security councils capable of overriding permissionless state root submission in case of a bug, while Stage 2 decentralization entails changes to the state root only in case of a bug and all contract upgrades subject to a 30-day delay.

Pollak affirmed that Base will achieve Stage 1 decentralization by 2025, following the launch of fault proofs on testnet last week. Buterin also praised Optimism for its OP Mainnet attaining Stage 1 decentralization in June.

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