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Vitalik: Ethereum L1 is the World's Ledger
Summary: In a recent tweet, Ethereum founder Vitalik reiterates that Ethereum Layer 1 (L1) is the world's ledger. The tweet describes Ethereum L1 as becoming the main ledger for the entire world. Anyone can view, use, add data, or functionality without permission. It possesses trust neutrality. It has censorship resistance. It has tamper resistance and tamper ...
In a recent tweet, Ethereum founder Vitalik reiterates that Ethereum Layer 1 (L1) is the world's ledger.
The tweet describes Ethereum L1 as becoming the main ledger for the entire world. Anyone can view, use, add data, or functionality without permission.
It possesses trust neutrality.
It has censorship resistance.
It has tamper resistance and tamper visibility (achieved through punishment mechanisms and transparency).
Continuously achieving progressive decentralization.
It has a world-class large community that remains highly vigilant, as there are always patient and well-resourced forces trying to subvert the system. Fortunately, as Ethereum continues to grow and mature, this subversion will become increasingly difficult.
