Vitalik Buterin claims L2 importance in lieu of urgent need for scalability

Ethereum co-founder, Vitalik Buterin asserted the significance of Layer 2 scaling solutions on the Ethereum network to facilitate the safest and most sustainable way to scale Ethereum while preserving decentralization. Buterin spoke at the 2021 Shanghai International Blockchain Week, noting the urgent need for scalability and implementation of rollups. This came simultaneously with the upcoming launch of Ethereum 2.0 Proof-of-Strake (PoS).