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

author avatar
Crypto Dunia
bitcoin
Bitcoin (BTC) $ 106,697.59 0.18%
ethereum
Ethereum (ETH) $ 2,444.93 0.59%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.19 1.24%
bnb
BNB (BNB) $ 650.78 0.26%
solana
Solana (SOL) $ 149.09 1.51%
usd-coin
USDC (USDC) $ 1.00 0.00%
tron
TRON (TRX) $ 0.281061 0.92%
dogecoin
Dogecoin (DOGE) $ 0.16088 1.13%
staked-ether
Lido Staked Ether (STETH) $ 2,444.99 0.56%
cardano
Cardano (ADA) $ 0.554992 1.29%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 106,589.56 0.15%
hyperliquid
Hyperliquid (HYPE) $ 37.86 2.49%
bitcoin-cash
Bitcoin Cash (BCH) $ 505.21 3.69%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,947.82 0.65%
sui
Sui (SUI) $ 2.71 2.87%
chainlink
Chainlink (LINK) $ 13.04 1.19%
leo-token
LEO Token (LEO) $ 8.94 1.34%
avalanche-2
Avalanche (AVAX) $ 17.58 0.66%
usds
USDS (USDS) $ 1.00 0.01%
stellar
Stellar (XLM) $ 0.231909 1.73%
the-open-network
Toncoin (TON) $ 2.80 2.50%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 0.97%
weth
WETH (WETH) $ 2,445.95 0.55%
litecoin
Litecoin (LTC) $ 84.23 1.86%
whitebit
WhiteBIT Coin (WBT) $ 44.39 0.58%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,615.00 0.72%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.01%
hedera-hashgraph
Hedera (HBAR) $ 0.146941 1.57%
monero
Monero (XMR) $ 317.11 0.81%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.03%
bitget-token
Bitget Token (BGB) $ 4.49 0.34%
polkadot
Polkadot (DOT) $ 3.33 0.04%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 106,759.60 0.16%
uniswap
Uniswap (UNI) $ 6.93 0.91%
pepe
Pepe (PEPE) $ 0.000009 0.53%
aave
Aave (AAVE) $ 261.62 3.28%
pi-network
Pi Network (PI) $ 0.490945 0.32%
dai
Dai (DAI) $ 1.00 0.02%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18 0.06%
okb
OKB (OKB) $ 49.28 0.92%
aptos
Aptos (APT) $ 4.51 4.85%
bittensor
Bittensor (TAO) $ 323.20 2.46%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 180.85 1.52%
near
NEAR Protocol (NEAR) $ 2.15 2.15%
internet-computer
Internet Computer (ICP) $ 4.80 0.15%
crypto-com-chain
Cronos (CRO) $ 0.080803 0.30%
ethereum-classic
Ethereum Classic (ETC) $ 16.17 0.86%
ondo-finance
Ondo (ONDO) $ 0.760273 0.72%
susds
sUSDS (SUSDS) $ 1.06 0.00%
usd1-wlfi
USD1 (USD1) $ 1.00 0.03%
kaspa
Kaspa (KAS) $ 0.075151 1.27%
mantle
Mantle (MNT) $ 0.580334 0.09%
fasttoken
Fasttoken (FTN) $ 4.42 0.18%
gatechain-token
Gate (GT) $ 15.57 1.30%
tokenize-xchange
Tokenize Xchange (TKX) $ 23.58 6.21%
cosmos
Cosmos Hub (ATOM) $ 4.01 0.19%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.683258 3.06%
vechain
VeChain (VET) $ 0.020626 0.71%
official-trump
Official Trump (TRUMP) $ 8.60 0.88%
arbitrum
Arbitrum (ARB) $ 0.342637 6.03%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 106,484.53 0.08%
sky
Sky (SKY) $ 0.077919 2.58%
render-token
Render (RENDER) $ 3.14 0.92%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.179709 1.73%
ethena
Ethena (ENA) $ 0.258332 1.25%
quant-network
Quant (QNT) $ 105.13 0.39%
filecoin
Filecoin (FIL) $ 2.24 0.77%
algorand
Algorand (ALGO) $ 0.175209 6.46%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.45 0.47%
sei-network
Sei (SEI) $ 0.271528 4.40%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,444.32 0.69%
worldcoin-wld
Worldcoin (WLD) $ 0.86977 0.90%
first-digital-usd
First Digital USD (FDUSD) $ 0.998384 0.02%
usdtb
USDtb (USDTB) $ 1.00 0.01%
kucoin-shares
KuCoin (KCS) $ 11.10 0.12%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 158.09 1.57%
jupiter-exchange-solana
Jupiter (JUP) $ 0.431994 2.23%
usdt0
USDT0 (USDT0) $ 1.00 0.06%
nexo
NEXO (NEXO) $ 1.20 1.18%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,787.08 0.53%
flare-networks
Flare (FLR) $ 0.016948 2.05%
spx6900
SPX6900 (SPX) $ 1.19 1.47%
trinique
TNQ (TNQ) $ 10.26 468.75%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,562.74 0.53%
bonk
Bonk (BONK) $ 0.000014 0.68%
fartcoin
Fartcoin (FARTCOIN) $ 1.06 4.33%
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00 0.01%
injective-protocol
Injective (INJ) $ 10.46 0.65%
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.016199 14.01%
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999825 0.07%
blockstack
Stacks (STX) $ 0.651642 0.88%
sonic-3
Sonic (S) $ 0.304969 0.82%
celestia
Celestia (TIA) $ 1.41 5.00%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.48 1.07%
xdce-crowd-sale
XDC Network (XDC) $ 0.05873 1.67%
optimism
Optimism (OP) $ 0.543519 0.87%
pax-gold
PAX Gold (PAXG) $ 3,344.84 0.22%
kaia
Kaia (KAIA) $ 0.157451 6.12%
Scroll to Top