A portion of the Ethereum group is pressuring the Ethereum Basis to make choices which will “break your entire social material” of the good contract community by proscribing Ethereum’s layer-2 (L2) networks, Polygon co-founder Sandeep Nailwal mentioned.
Talking throughout a March 28 episode of Cointelegraph’s Chain Response present on X, the Polygon founder mentioned that he has solely seen any such strain and anti-L2 rhetoric throughout the present market cycle amid suppressed worth motion for Ether (ETH).
“All people understands that if Ethereum doesn’t survive, the layer-2s gained’t survive,” Nailwal mentioned, including:
“The Ethereum group mustn’t strain the builders sufficient — I shouldn’t be in a position to strain the builders sufficient — for worth actions and all that, they might find yourself making a call that fully breaks the social material of Ethereum.”
The Polygon co-founder praised Vitalik Buterin’s management and his extra energetic function within the Ethereum Basis, saying he has been the largest drive in holding Ethereum’s ecosystem cohesive.
Nailwal characterised Buterin because the “DNA” of the community that has attracted many gifted builders over time who’re constructing layers on high of the Ethereum base layer.
The whole worth secured throughout Ethereum’s scaling options. Supply: L2Beat
Associated: Getting crypto out of the ‘AOL period’ — Sandeep Nailwal
Settlement layers vs execution layers
Based on Nailwal, the layer-1 vs layer-2 dichotomy is the mistaken manner to consider blockchain networks.
The Polygon founder outlined solely two settlement layers in all of crypto, Bitcoin and Ethereum, with all different crypto networks being execution layers.
Sooner or later, virtually each software could have its personal blockchain to keep away from paying gasoline charges and can submit remaining transactions to considered one of these settlement layers, Nailwal mentioned.
Ethereum’s base layer will profit from this explosion of execution layers, accruing worth from these remaining settlements and selling the long-term progress of the ecosystem, which is able to at some point be seamlessly interoperable.
Ethereum base layer charges drop following the Dencun improve. Supply: The Tie Terminal
Critics of Ethereum’s execution layers say that the scaling networks are at present cannibalizing the bottom layer, which culminated in a 99% drop in Ethereum L1 income by September 2024.
Nailwal concluded that on account of these variations between settlement and execution layers, no different crypto community is actual competitors for Ethereum besides the Bitcoin community.
Nonetheless, the one manner the Bitcoin community could possibly be a menace to Ethereum is that if it adopted extra superior scripting choices that give it dependable, good contract performance like Ethereum, Nailwal mentioned.
Journal: Ethereum L2s will likely be interoperable ‘inside months’: Full information
