‘The claim that L2s inherit ETH security is erroneous’ — Solana co-founder

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Ethereum layer-2 networks person glaring information and centralization issues, according to Anatoly Yakovenko, co-founder of the Solana blockchain.

‘The assertion that L2s inherit ETH information is erroneous’ — Solana co-founder

Solana co-founder Anatoly Yakovenko formed uncertainty connected the decentralization and information of Ethereum’s layer-2 (L2) scaling networks during a heated statement connected Sunday.

Layer-2 scaling networks diagnostic a immense onslaught aboveground and codification bases truthful ample that they cannot beryllium decently audited for bundle bugs. User funds tin besides beryllium shifted from L2s, which trust connected multi-signature custody, without the users' consent, Yakovenko added.

‘The assertion that layer-2s inherit ETH information is erroneous,’ Yakovenko said during the debate. He argued:

“5 years into the L2 roadmap, wormhole ETH connected Solana has the aforesaid worst-case risks arsenic ETH connected basal and generates arsenic overmuch gross for ETH L1 stakers. It’s incorrect nary substance however you portion it.”

The speech surrounding Ethereum’s layer-2 scaling networks continues, arsenic developers, investors, and manufacture executives statement whether the layer-2 networks payment the Ethereum layer-1 blockchain oregon wounded it.

Are determination excessively galore Ethereum layer-2 networks?

There are 129 verified Ethereum layer-2 networks astatine the clip of this writing, according to L2Beat, and 29 scaling networks that person not yet been reviewed by the site.

The blockchain manufacture has astir 10 times much L2s than is needed, according to
Adrian Brink, co-founder of Anoma, a layer-1 blockchain protocol.

There tin ne'er beryllium excessively galore L2s, Igor Mandrigin, co-founder of Web3 and blockchain infrastructure supplier Gateway.fm, argued.

The detonation of L2 networks is simply a steadfast motion for Ethereum that signals web maturation and accrued diverseness successful the ecosystem, Mandrigin said.

Anurag Arjun, co-founder of Avail, a unified concatenation abstraction solution and the Polygon layer-2 network, concurs and told Cointelegraph that each Ethereum L2 represents a high-throughput blockchain, giving Ethereum a multitude of high-throughput options.

However, the proliferation of these layer-2 networks is cannibalizing gross connected the Ethereum basal layer, according to Binance Research.

These networks are fragmenting liquidity and eating into the gross connected the basal furniture owed to their debased transaction fees compared to transacting connected the layer-1 blockchain, the researchers wrote.

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