Vitalik: Lowering L2 Costs is Crucial
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September 16, 2024
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PANews reported on September 16 that Vitalik Buterin responded to a user on X, stating: "The truly early thing that matters is that L2s are finally affordable. I've been saying since 2020 (if not earlier) that the whole 'not just high-value DeFi' part of crypto will only work if transaction fees are cheap. That's only really becoming true this year, in March.
If I had to pick the second and third most important early stage things:
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ZK-SNARKs are finally maturing and having use cases (zupass, railway, 0xbow, rarimo...)
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Account abstraction ZK-email (and similar zk-wrappers for centralized IDs)"
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