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Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
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Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
 were originally intended to process transactions off-chain and then bundle them back to the Ethereum mainnet (Layer 1) to improve transaction speed and reduce fees. However, Vitalik Buterin believes there are two major realities that have dealt a blow to this vision: first, the progress of decentralization in many Layer 2 solutions has been much slower and more difficult than expected; second, the Ethereum mainnet itself is rapidly scaling, with transaction fees remaining low and a significant increase in Gas limits expected by 2026. Vitalik Buterin states that true “Ethereum scaling” should involve creating “a large amount of block space fully secured by Ethereum’s trust and reputation.” As long as the Ethereum mainnet continues to operate normally, all on-chain activities can be guaranteed to be valid, censorship-resistant, non-reversible, and free from arbitrary interference. Vitalik Buterin wrote, “If you build an EVM-compatible chain capable of processing 10,000 transactions per second (10,000 TPS), but its connection to the Ethereum mainnet is maintained via multi-signature bridges, then you are not truly scaling Ethereum.” In Vitalik Buterin’s view, as the mainnet continues to upgrade itself, Ethereum no longer needs Layer 2 to serve as an “official sharding” role. He also openly admits that many Layer 2 solutions “either cannot or are not willing” to meet the decentralization and security standards originally required by Ethereum. He cited an example where some projects, to meet client compliance requirements, must retain “ultimate control.” Vitalik Buterin pointed out that while this may be the right business decision for the clients, teams should no longer claim that they are “scaling Ethereum.”