Journey and Optimism Reach Significant Milestone

Optimism is currently at the initial stage of decentralization, according to the development team.
Vitalik Buterin took the opportunity to commend Ethereum for its perseverance in overcoming challenges throughout the years.
In light of the recent milestone achieved by Optimism (OP), Buterin praised the success of Ethereum’s Layer 2 protocols. The smart contracts of Ethereum L2 Optimism now include fault proofs, as announced by OP Labs. At present, Optimism is in what the development team refers to as “Stage 1” of decentralization.
Before reaching this point, Vitalik Buterin, one of the co-founders of Ethereum, highlighted several significant accomplishments alongside Optimism. Users can now initiate withdrawals without the need for any trusted third parties, thanks to this implementation.
Reflecting on Ethereum’s journey, Buterin praised the platform for overcoming obstacles and viewed its growth as a valuable opportunity. He commended Optimism’s achievements and expressed his optimism for the participation of more L2s in the “Stage 1” initiative.
Buterin shared a meme with the caption “Ethereum: where yesterday’s FUD is today’s solved problems.” The meme depicted six doors, each labeled with a different fear, doubt, or uncertainty (FUD). The image showed that five out of the six doors had been unlocked, symbolizing Ethereum’s successful navigation through challenges.
The meme referenced various FUD, including doubts about Ethereum’s ability to achieve milestones and skepticism about the protocol ever going live. Despite these concerns, Ethereum was launched as a platform on July 30, 2015, marking its ninth anniversary. Additionally, some predicted Ethereum’s demise following the DAO fork, but the protocol underwent a successful hard fork just a year after its inception. Buterin went on to detail the network’s history, highlighting advancements such as the introduction of low fees and other developments.
In other crypto news today, Bitcoin miners are reportedly liquidating reserves amid the ongoing slump in the crypto market.