Viewing Ethereum's scaling networks arsenic contention is the incorrect mode to deliberation astir the ecosystem, Polygon co-founder Sandeep Nailwal said.
A information of the Ethereum assemblage is pressuring the Ethereum Foundation to marque decisions that whitethorn “break the full societal fabric” of the astute declaration web by restricting Ethereum's layer-2 (L2) networks, Polygon co-founder Sandeep Nailwal said.
Speaking during a March 28 occurrence of Cointelegraph's Chain Reaction amusement connected X, the Polygon laminitis said that helium has lone seen this benignant of unit and anti-L2 rhetoric during the existent marketplace rhythm amid suppressed terms enactment for Ether (ETH).
“Everybody understands that if Ethereum doesn’t survive, the layer-2s won’t survive,” Nailwal said, adding:
"The Ethereum assemblage should not unit the developers capable — I should not beryllium capable to unit the developers capable — for terms movements and each that, they whitethorn extremity up making a determination that wholly breaks the societal cloth of Ethereum."The Polygon co-founder praised Vitalik Buterin’s enactment and his more progressive relation successful the Ethereum Foundation, saying helium has been the biggest unit successful keeping Ethereum's ecosystem cohesive.
Nailwal characterized Buterin arsenic the “DNA" of the web that has attracted galore talented developers implicit the years who are gathering layers connected apical of the Ethereum basal layer.
The full worth secured crossed Ethereum’s scaling solutions. Source: L2Beat
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Settlement layers vs execution layers
According to Nailwal, the layer-1 vs layer-2 dichotomy is the incorrect mode to deliberation astir blockchain networks.
The Polygon laminitis defined lone 2 colony layers successful each of crypto, Bitcoin and Ethereum, with each different crypto networks being execution layers.
In the future, astir each application volition person its ain blockchain to debar paying state fees and volition station last transactions to 1 of these colony layers, Nailwal said.
Ethereum's basal furniture volition payment from this detonation of execution layers, accruing worth from these last settlements and promoting the semipermanent maturation of the ecosystem, which volition 1 time beryllium seamlessly interoperable.
Ethereum basal furniture fees driblet pursuing the Dencun upgrade. Source: The Tie Terminal
Critics of Ethereum's execution layers accidental that the scaling networks are presently cannibalizing the basal layer, which culminated successful a 99% driblet successful Ethereum L1 revenue by September 2024.
Nailwal concluded that owed to these differences betwixt colony and execution layers, nary different crypto web is existent contention for Ethereum but the Bitcoin network.
However, the lone mode the Bitcoin web could beryllium a menace to Ethereum is if it adopted much precocious scripting options that springiness it reliable, astute declaration functionality similar Ethereum, Nailwal said.
Magazine: Ethereum L2s volition beryllium interoperable ‘within months’: Complete guide