Vitalik Buterin: L2s are ‘cultural extensions’ of Ethereum

Buterin said Ethereum layer 2s have become “the ultimate playing field for action” from institutional profit-oriented groups and people buying pictures of monkey NFTs.

Ethereum layer-2s aren’t just about scaling — they’re also a rallying point for “subcultures” that grow the Ethereum ecosystem more than the single chain could do alone, says Vitalik Buterin, one of the creators of Ethereum.

In a May 29 blog post on Buterin’s self-hosted blog, the Ethereum co-founder examined the benefits of layer-2 blockchains outside of technical innovation, arguing that this layer also serves as a breeding ground for crypto subcultures.

One of these subcultures includes old-school “cypherpunks”—who build infrastructure and tools but are hands-off about how they are used, while the philanthropic “regens” are focused on providing the community with public goods.

Then there are also speculation-driven “degens” that seek to profit from trending memecoins or nonfungible tokens.

Buterin explained that these subcultures, first identified by Ethereum researcher Prof. Paul Dylan-Ennis, have resulted in several different approaches to scaling, virtual machine design, and application choices.

It shows how layer 2s have become “the ultimate playing field for action,” Buterin said.

“[For example], institutional profit-oriented groups and people buying pictures of monkeys are very very culturally different.”

Design decisions come at a cost

However, Buterin warns that blockchain developers should understand that the decisions they make to attract a certain audience could also exclude others.

“If a blockchain becomes publicly understood as being ‘the casino chain’ and nothing else, it becomes hard to get non-casino applications onboard.”

These protocols would also find it much more difficult to attract non-mercenary core developers and researchers, he added.

Buterin preaches ‘cultural pluralism’

Buterin is optimistic that all subcultures on Ethereum layer 2s can be balanced by the concept of “cultural pluralism,” which would ultimately benefit the Ethereum ecosystem.

“[Cultural pluralism allows] one subculture to focus on core development while another focuses on growing the ‘edges’ of the ecosystem,” Buterin explained.

Source: cointelegraph.com

Previous articleBitcoin Bullish Flag Holds Steady Amidst Large-Scale Transfers
Next articleStablecoin Market Cap Hits $161 Billion, Reaches Two-Year High: CCData
Support manager at FYBIT. Trader and investor with 5+ years experience, Crypto Enthusiast BTC. I believe in the future of the blockchain economy and devote all my time to exploring new technologies and opportunities with my team.