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) $ 95,373.55 1.67%
ethereum
Ethereum (ETH) $ 1,811.41 0.56%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.32 6.23%
bnb
BNB (BNB) $ 607.21 1.41%
solana
Solana (SOL) $ 151.19 2.49%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.181181 0.75%
cardano
Cardano (ADA) $ 0.717327 3.40%
tron
TRON (TRX) $ 0.246746 1.09%
staked-ether
Lido Staked Ether (STETH) $ 1,809.94 0.64%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,232.52 1.50%
sui
Sui (SUI) $ 3.77 4.10%
chainlink
Chainlink (LINK) $ 14.90 2.84%
avalanche-2
Avalanche (AVAX) $ 22.17 0.62%
stellar
Stellar (XLM) $ 0.288622 2.45%
the-open-network
Toncoin (TON) $ 3.29 1.44%
hedera-hashgraph
Hedera (HBAR) $ 0.195456 4.24%
leo-token
LEO Token (LEO) $ 8.94 0.78%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 1.85%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,173.84 0.42%
usds
USDS (USDS) $ 1.00 0.02%
bitcoin-cash
Bitcoin Cash (BCH) $ 352.59 0.33%
litecoin
Litecoin (LTC) $ 87.17 1.37%
polkadot
Polkadot (DOT) $ 4.22 2.89%
hyperliquid
Hyperliquid (HYPE) $ 18.25 4.31%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.00%
bitget-token
Bitget Token (BGB) $ 4.40 0.32%
weth
WETH (WETH) $ 1,811.80 0.52%
monero
Monero (XMR) $ 276.01 20.93%
ethena-usde
Ethena USDe (USDE) $ 0.999836 0.01%
pi-network
Pi Network (PI) $ 0.615608 2.72%
whitebit
WhiteBIT Coin (WBT) $ 29.25 0.04%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,931.79 0.60%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 95,441.57 1.63%
pepe
Pepe (PEPE) $ 0.000009 1.73%
aptos
Aptos (APT) $ 5.62 2.26%
uniswap
Uniswap (UNI) $ 5.59 1.37%
dai
Dai (DAI) $ 1.00 0.09%
bittensor
Bittensor (TAO) $ 375.29 7.15%
okb
OKB (OKB) $ 52.16 0.61%
near
NEAR Protocol (NEAR) $ 2.58 1.14%
ondo-finance
Ondo (ONDO) $ 0.983944 3.19%
official-trump
Official Trump (TRUMP) $ 15.03 2.74%
gatechain-token
Gate (GT) $ 22.50 1.01%
internet-computer
Internet Computer (ICP) $ 5.16 1.62%
susds
sUSDS (SUSDS) $ 1.05 0.02%
kaspa
Kaspa (KAS) $ 0.099032 2.23%
aave
Aave (AAVE) $ 170.09 0.59%
ethereum-classic
Ethereum Classic (ETC) $ 16.91 0.25%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
crypto-com-chain
Cronos (CRO) $ 0.092378 1.87%
tokenize-xchange
Tokenize Xchange (TKX) $ 31.11 2.90%
mantle
Mantle (MNT) $ 0.73692 1.71%
vechain
VeChain (VET) $ 0.027645 4.05%
render-token
Render (RENDER) $ 4.44 1.41%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.24518 1.67%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.17 0.01%
cosmos
Cosmos Hub (ATOM) $ 4.45 0.21%
algorand
Algorand (ALGO) $ 0.23065 4.28%
ethena
Ethena (ENA) $ 0.3524 0.64%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 95,199.51 1.49%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.723763 4.55%
fasttoken
Fasttoken (FTN) $ 4.29 0.28%
filecoin
Filecoin (FIL) $ 2.77 2.28%
celestia
Celestia (TIA) $ 2.94 3.70%
sonic-3
Sonic (prev. FTM) (S) $ 0.53536 3.59%
arbitrum
Arbitrum (ARB) $ 0.344065 1.84%
bonk
Bonk (BONK) $ 0.000021 12.55%
first-digital-usd
First Digital USD (FDUSD) $ 0.998295 0.09%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.14 1.19%
worldcoin-wld
Worldcoin (WLD) $ 1.13 3.20%
solv-btc
Solv Protocol SolvBTC (SOLVBTC) $ 95,347.55 1.65%
jupiter-exchange-solana
Jupiter (JUP) $ 0.475364 3.06%
blockstack
Stacks (STX) $ 0.878278 1.75%
kucoin-shares
KuCoin (KCS) $ 10.63 1.28%
optimism
Optimism (OP) $ 0.789374 1.37%
nexo
NEXO (NEXO) $ 1.33 18.82%
xdce-crowd-sale
XDC Network (XDC) $ 0.080686 8.42%
maker
Maker (MKR) $ 1,502.89 0.84%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 158.49 2.54%
fartcoin
Fartcoin (FARTCOIN) $ 1.17 12.15%
quant-network
Quant (QNT) $ 76.24 2.38%
binance-peg-weth
Binance-Peg WETH (WETH) $ 1,811.92 0.72%
story-2
Story (IP) $ 4.06 3.96%
sei-network
Sei (SEI) $ 0.21424 8.25%
immutable-x
Immutable (IMX) $ 0.592915 1.01%
flare-networks
Flare (FLR) $ 0.017094 3.98%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 1,886.86 0.66%
eos
EOS (EOS) $ 0.683804 2.89%
injective-protocol
Injective (INJ) $ 10.12 1.97%
usdt0
USDT0 (USDT0) $ 1.00 0.00%
the-graph
The Graph (GRT) $ 0.100189 0.34%
wbnb
Wrapped BNB (WBNB) $ 606.91 1.25%
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00 0.03%
curve-dao-token
Curve DAO (CRV) $ 0.669245 2.12%
paypal-usd
PayPal USD (PYUSD) $ 1.00 0.02%
raydium
Raydium (RAY) $ 2.98 2.02%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,055.95 1.09%
jasmycoin
JasmyCoin (JASMY) $ 0.017194 3.12%
Scroll to Top