- Vitalik Buterin believes that L3 networks “do not magically enhance throughput”.
- Buterin additionally stated there are “simpler methods” to avoid wasting prices aside from utilizing L3.
- Polygon’s Marc Boiron believes that L3 exists solely to siphon off Ethereum’s worth.
Vitalik Buterin, co-creator of the Ethereum blockchain, reiterated his stance on Layer 3 networks, including that they “do not magically enhance throughput.”
IN publish on the social media platform X, Buterin shared his article on Layer 3 networks, which he wrote about 1.5 years in the past, concluding that L3 networks “can scale back among the fastened prices of bulk publishing and deposits/withdrawals.”
Nonetheless, Buterin believes there are “simpler” methods to realize the fee financial savings that customers get from utilizing L3 networks.
As well as, the Ethereum co-creator additional acknowledged within the article that the controversy on the classification of L3 networks and L2 networks stays open, including that it’s “untimely to settle definitions, whereas the structure of the multi-rollup ecosystem is much from set in stone and a lot of the discussions are solely theoretical.”
Notably, Polygon’s CEO Marc Boiron shares the other view and just lately stirred up the crypto group on X when he acknowledged that “L3s solely exist to extract worth from Ethereum and the L2s that the L3s are constructed on.”
Boiron’s views have been disputed by a commenter who stated that L2 on Ethereum “ARE the worth of Ethereum”. Polygon’s government responded:
“I disagree that the worth of L2 is the worth of Ethereum. Simply take it to the acute. If all L3s settled on a single L2, then Ethereum would acquire basically no worth and thus Ethereum’s safety could be compromised.
Proper now among the main gamers within the L3 ecosystem constructing on options from L2 networks are Orbs, Xai, zkSync Hyperchains and the newly launched Degen Chain on Arbitrum Orbit. Nonetheless, you will need to notice that this sector remains to be comparatively small.
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