Vitalik Buterin and Joseph Lubin, Ethereum co-founders, recently reinforced the pivotal importance of Ethereum's Layer-1 (L1) network as the foundational decentralized ledger amid rising institutional interest. Vitalik Buterin emphasized Ethereum Layer-1’s original vision as a permissionless and censorship-resistant base layer, reaffirming its position as the world ledger as proposed in Ethereum’s 2013 whitepaper. His views were echoed by Joseph Lubin, who highlighted Ethereum’s openness, neutrality, tamper resistance, and robust decentralization as unmatched qualities protecting the network’s integrity and making it ideal to function as a global master ledger.
Institutional confidence is prominently demonstrated by BlackRock’s $3 billion tokenized crypto fund, with a substantial $2.6 billion allocated to ETH, vastly more than competing Layer-2 networks or other altcoins. On June 19, BlackRock notably added 6,053 ETH, worth $15.4 million, to its iShares Ethereum Trust, reinforcing its strong conviction in Ethereum’s long-term foundational value. Despite the rising prominence of Layer-2 solutions aimed at scaling, Ethereum’s core L1 network remains the focal point for institutional asset tokenization and security.
Lubin also acknowledged challenges from resourceful adversaries attempting to disrupt Ethereum’s decentralized model but expressed confidence in the network’s increasing decentralization, active global community, and security features preventing successful manipulation. The co-founders view Ethereum L1 not only as a platform for cryptocurrencies and decentralized applications but as a critical piece of global digital infrastructure supporting finance, identity management, supply chain transparency, and data integrity.
Overall, the statements and institutional actions underscore renewed validation of Ethereum Layer-1’s prominence and strategic role as a secure, neutral, and censorship-resistant global ledger amid a competitive blockchain landscape.