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

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

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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

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