![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FQryryU2.jpg&t=665&c=QCJ1TZ6mnmXaww)
Joe Lubin
During a panel discussion with Village Global’s Erik Torenberg and Arbor Ventures’ Melissa Guzy, Lubin said the company is moving "into a space where Ethereum can serve as the layer one trust system, and built into Ethereum we’ll have hundreds of thousands of transactions in the layer two systems and we’re going to see that ramified this year."
Lubin gave the example of Plasma, which is an on-chain scaling solution for Ethereum. This was introduced back in August 2017 by Vitalik Buterin and Joseph Poon, creator of Bitcoin’s own Lightning Network, which could also be thought of as a "layer two" solution.
Torenberg agreed that this year would be a transitional one: "if 2017 was the year of the [initial coin offering] ICO, then 2018 is for the building and delivery of products."
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcdn-images-1.medium.com%2Fmax%2F799%2F1%2AWupa4V1VhXmHSbfXwSYlxg.jpeg&t=665&c=bx8TYPXmumjxqA)
Erik Torenberg
https://www.chepicap.com/en/news/2029/ethereum-blockchain-moving-into-phase-two-says-co-founder-joe-lubin.html
moving into phase two means more speed of transaction and the congestion problem will be solved
i am waiting for the the layer two development so all other projects same like eth but with more transaction speed will be meaning less
and the project using Dapps on eth network will run easy
Founders made good decision to start the development, let's hope ethereum network will be not overload again.
There are many positive improvements on the way.