Solana co-founder Anatoly Yakovenko has said that there is no such thing as a cause to construct layer-2 (L2) options.
In response to Yakovenko, layer-1 (L1) options may be quicker, cheaper, and safer.
“They aren’t slowed down by a glacially shifting L1 knowledge availability stack, or should compromise safety with advanced fraud proofs and improve multisigs,” Yakovenko stated.
Yakovenko has additionally added that Solana truly generated a “measly” quantity of information (roughly 80 terabytes per yr) in response to a query in regards to the storage limitations of L1 blockchains.
Solana is competing with each L2
Earlier this month, he argued that customers “can skip making a worthless L2 and simply launch a token.”
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Yakovenko has additionally opined that Solana is competing with “each” Ethereum L2. Nevertheless, this isn’t the case for the Ethereum mainnet.
A number of L2s are redundant
The Solana co-founder believes that having a number of L-2 options is pointless provided that the variety of invaluable sensible contracts is finite.
“There isn’t a level to a number of L2s. If a single L2 can deal with parallel execution, then it may possibly deplete all of the blobspace and run each use case. What’s extra is that there aren’t infinite helpful sensible contracts, not to mention execution environments,” he stated again in January.
Ethereum’s L2 disaster
Ethereum’s quarterly transaction income has now plunged by a whopping 95% from the all-time excessive that was recorded within the fourth quarter of 2021.
Final yr, Yakovenko described L2s are “parasitic” once they take extra precedence transactions from the bottom layer.