Solana Co-Founder Challenges Layer 2s—Are They Even Needed? | Bitcoinist.com

Solana Co-Founder Challenges Layer 2s—Are They Even Needed? | Bitcoinist.com

Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Advert Disclosure

The co-founder of a well-liked cryptocurrency took a swipe at Layer-2 cryptos, claiming that these rollups are solely redundant and make blockchain scaling extra difficult.

Anatoly Yakovenko, co-founder of the Solana community, argued that Layer-1 options are ample with out Layer-2 tokens which don’t supply real, long-term advantages.

Layer-2 Not Needed?

Yakovenko mentioned in an X submit that Layer-2 cryptocurrencies are pointless and solely add pointless complexity to blockchain scaling.

“There is no reason to build an L2,” Yakovenko mentioned in a submit, which is the Solana co-founder’s response to @ripdoteth, who claimed that there isn’t a cause to construct a Layer-1.

The crypto co-founder argued that Layer-1 options, just like the Solana community, can already supply environment friendly, low cost, and safe scaling options. Therefore, he mentioned that Layer-2 tokens are solely offering redundancy.

“They aren’t slowed down by a glacially moving L1 data availability stack, or have to compromise security with complex fraud proofs and upgrade multisigs,” he defined.

He added that Solana doesn’t encounter these sorts of issues because it has separate execution and information layers on an environment friendly base layer.

Storage Points

Yakovenko described Solana’s information technology as tiny at 80 terabytes yearly, saying that Layer-1 can not scale as a result of they’re hindered by storage.

“Solana generates a measly amount of data. Like 80TB per year so far. It’s just not enough data to build a business around, but too much for any individual to easily store,” Yakovenko mentioned.

Solana market cap at the moment at $71.5 billion. Chart: TradingView.com

The crypto co-founder informed customers to not create baseless Layer-2 cryptocurrencies, saying early this month, “You can skip creating a valueless L2 and just launch a token.”

When requested about Solana’s plan on offloading unused storage, he responded that the ledger is happening “filecoin or whatever decentralized storage provider wants it.”

Some Do Not Agree

A number of crypto buyers disagree with Yakovenko, arguing that Layer-2 options are vital.

“L1s can’t scale to accommodate 8 billion global users. L2s are needed no matter which chain you see leading the way. And they can be faster, cheaper, more secure, interoperable, specialized to use case, localized or decentralized, evolve fast or ossify,” @RuzhyoX commented on Yakovenko’s submit.

The Solana co-founder replied that Layer-1 can accommodate 8 billion customers, saying, “8 billion * 3 txs per day is sub 300k tps. That fits in under 1gbps of block throughput for 400 byte txs.”

He argued that Solana’s design permits it to compete with each Ethereum Layer-2 resolution straight, which isn’t the case with Ethereum itself. “There is no point to multiple L2s … if a single L2 can handle parallel execution, then it can use up all the blobspace and run every use case.”

Featured picture from Gemini Imagen, chart from TradingView

Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent assessment by our workforce of prime expertise consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.

Supply hyperlink

bitcoin
Bitcoin (BTC) $ 103,152.64 2.02%
ethereum
Ethereum (ETH) $ 2,339.06 14.36%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.36 5.56%
bnb
BNB (BNB) $ 636.10 2.82%
solana
Solana (SOL) $ 171.68 7.96%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.205357 8.00%
cardano
Cardano (ADA) $ 0.785412 7.30%
tron
TRON (TRX) $ 0.262783 3.06%
staked-ether
Lido Staked Ether (STETH) $ 2,337.22 14.54%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 103,314.68 2.11%
sui
Sui (SUI) $ 3.92 0.12%
chainlink
Chainlink (LINK) $ 16.05 5.20%
avalanche-2
Avalanche (AVAX) $ 23.37 9.89%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,809.80 14.23%
stellar
Stellar (XLM) $ 0.296461 5.13%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 7.77%
hedera-hashgraph
Hedera (HBAR) $ 0.200966 5.63%
hyperliquid
Hyperliquid (HYPE) $ 24.93 13.80%
bitcoin-cash
Bitcoin Cash (BCH) $ 409.63 1.97%
the-open-network
Toncoin (TON) $ 3.27 2.17%
leo-token
LEO Token (LEO) $ 8.69 1.36%
usds
USDS (USDS) $ 1.00 0.01%
litecoin
Litecoin (LTC) $ 99.26 7.37%
polkadot
Polkadot (DOT) $ 4.84 12.92%
weth
WETH (WETH) $ 2,339.69 14.57%
monero
Monero (XMR) $ 308.61 5.22%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,491.83 14.06%
bitget-token
Bitget Token (BGB) $ 4.47 0.67%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.26%
pepe
Pepe (PEPE) $ 0.000012 21.35%
pi-network
Pi Network (PI) $ 0.724408 15.10%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.09%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 103,102.62 2.05%
whitebit
WhiteBIT Coin (WBT) $ 30.34 1.82%
uniswap
Uniswap (UNI) $ 6.36 15.20%
bittensor
Bittensor (TAO) $ 426.20 2.70%
near
NEAR Protocol (NEAR) $ 2.91 12.15%
dai
Dai (DAI) $ 1.00 0.02%
aptos
Aptos (APT) $ 5.55 6.17%
ondo-finance
Ondo (ONDO) $ 1.02 7.63%
okb
OKB (OKB) $ 53.53 2.11%
aave
Aave (AAVE) $ 209.90 10.22%
susds
sUSDS (SUSDS) $ 1.05 0.01%
ethereum-classic
Ethereum Classic (ETC) $ 19.22 8.62%
crypto-com-chain
Cronos (CRO) $ 0.101203 4.78%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
internet-computer
Internet Computer (ICP) $ 5.41 8.71%
official-trump
Official Trump (TRUMP) $ 14.05 13.25%
kaspa
Kaspa (KAS) $ 0.103103 5.94%
gatechain-token
Gate (GT) $ 21.85 0.57%
tokenize-xchange
Tokenize Xchange (TKX) $ 33.48 1.90%
mantle
Mantle (MNT) $ 0.766362 3.53%
render-token
Render (RENDER) $ 4.96 6.98%
vechain
VeChain (VET) $ 0.029792 9.67%
cosmos
Cosmos Hub (ATOM) $ 4.97 12.31%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.252907 1.93%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.845125 12.63%
ethena
Ethena (ENA) $ 0.370794 18.25%
usd1-wlfi
USD1 (USD1) $ 1.00 0.07%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 103,199.65 2.16%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.17 0.15%
filecoin
Filecoin (FIL) $ 3.04 7.09%
algorand
Algorand (ALGO) $ 0.234605 8.42%
sonic-3
Sonic (prev. FTM) (S) $ 0.591136 6.19%
fasttoken
Fasttoken (FTN) $ 4.35 0.07%
celestia
Celestia (TIA) $ 2.93 8.87%
arbitrum
Arbitrum (ARB) $ 0.377114 8.32%
bonk
Bonk (BONK) $ 0.000022 12.66%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.51 4.82%
worldcoin-wld
Worldcoin (WLD) $ 1.17 14.11%
jupiter-exchange-solana
Jupiter (JUP) $ 0.534771 16.26%
first-digital-usd
First Digital USD (FDUSD) $ 0.998619 0.14%
blockstack
Stacks (STX) $ 0.97741 1.80%
maker
Maker (MKR) $ 1,723.38 4.40%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,340.09 14.31%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 179.94 7.80%
kucoin-shares
KuCoin (KCS) $ 11.13 1.60%
fartcoin
Fartcoin (FARTCOIN) $ 1.33 14.31%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,426.17 13.73%
eos
EOS (EOS) $ 0.859948 1.33%
flare-networks
Flare (FLR) $ 0.019799 1.79%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.95 10.44%
nexo
NEXO (NEXO) $ 1.27 0.13%
optimism
Optimism (OP) $ 0.755045 14.40%
xdce-crowd-sale
XDC Network (XDC) $ 0.078608 4.92%
story-2
Story (IP) $ 4.57 10.64%
sei-network
Sei (SEI) $ 0.239039 8.45%
immutable-x
Immutable (IMX) $ 0.658935 10.18%
solv-btc
Solv Protocol BTC (SOLVBTC) $ 103,140.63 2.24%
injective-protocol
Injective (INJ) $ 11.79 9.51%
usdt0
USDT0 (USDT0) $ 0.999921 0.02%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,647.07 14.31%
ubtc
uBTC (UBTC) $ 205,452.05 110.69%
the-graph
The Graph (GRT) $ 0.110987 11.17%
curve-dao-token
Curve DAO (CRV) $ 0.763285 3.67%
floki
FLOKI (FLOKI) $ 0.000099 11.52%
wbnb
Wrapped BNB (WBNB) $ 636.09 2.98%
lido-dao
Lido DAO (LDO) $ 1.02 13.31%
Scroll to Top