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Certainly! Here's the robust HTML-formatted article summary, complete with and tags: html Vitalik Buterin and Marc Boiron Debate on Layer 3 (L3) Networks Vitalik Buterin, co-creator of Ethereum, has reiterated his stance on Layer 3 (L3) networks, emphasizing that they don't inherently enh...

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tags: html Vitalik Buterin and Marc Boiron Debate on Layer 3 (L3) Networks

Vitalik Buterin, co-creator of Ethereum, has reiterated his stance on Layer 3 (L3) networks, emphasizing that they don't inherently enhance throughput and there are alternative cost-saving methods. In a social media post, Buterin shared his article on L3 networks, noting that while they can reduce certain fixed costs, he believes lighter approaches can achieve similar savings. He also emphasized the ongoing debate about the classification of L3 networks and L2 networks, cautioning against premature definitions amidst the evolving multi-rollup ecosystem.

In contrast, Polygon CEO Marc Boiron contends that L3s exist solely to divert value from Ethereum onto the L2s they are built upon, sparking debate within the crypto community. Notably, the L3 ecosystem includes players like Orbs, Xai, zkSync Hyperchains, and the recently launched Degen Chain on Arbitrum Orbit, although it remains relatively small.

  • Vitalik Buterin believes L3 networks “don’t magically improve throughput.”
  • Buterin also stated that there are “lighter ways” to save costs other than using L3s.
  • Polygon’s Marc Boiron believes L3s only exist to take value away from Ethereum.

Vitalik Buterin, the co-creator of the Ethereum blockchain, has reiterated his stance on Layer 3 networks, adding that they “don’t magically improve throughput.” In a post on social media platform X, Buterin shared his article on Layer 3 networks that he wrote around 1.5 years ago, which concludes that L3 networks “can reduce some fixed costs of batch publishing and deposits/withdrawals.” Buterin, however, believes that there are “lighter” ways to get the cost savings that users get from the usage of L3 networks.

Moreover, the Ethereum co-creator went on to say in the article that the debate for the classification of L3 networks and L2 networks remains open, adding that it is “premature to settle definitions while the architecture of the multi-rollup ecosystem is far from set in stone and most of the discussion is happening only in theory.”

Notably, Polygon CEO Marc Boiron shares an opposite opinion, recently stirring the crypto community on X, stating that “L3s exist only to take value away from Ethereum and onto the L2s on which the L3s are built.” Boiron’s views were challenged by a commentator who said that L2s on Ethereum “ARE value on Ethereum.” The Polygon executive replied:

“I disagree that L2 value is Ethereum value. Just take this to the extreme. If all L3s settled to one L2, then Ethereum would capture basically no value and, thus, Ethereum security would be at risk.”

Right now, some of the main players in the L3 ecosystem, building on solutions from L2 networks, are Orbs, Xai, zkSync Hyperchains, and the newly launched Degen Chain on Arbitrum Orbit. However, it’s important to note that this sector is still relatively small.

Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 20 Sep 24
 20 Sep 24
 19 Sep 24