NEWSLETTER
A part of the ethereum community is pressing the ethereum Foundation to make decisions that can “break the entire social fabric” of the intelligent contract network when restricting the ethereum layer 2 (L2) networks, said Polygon's co -founder, Sandeep Nailwal.
Speaking during an episode of March 28 by Cointelegraph's <a target="_blank" data-ct-non-breakable="null" href="https://x.com/0xPolygon/status/1905589465327796594″ rel=”null” target=”null” text=”null” title=”null”>Chain reaction Showing in x, Polygon's founder said he has only seen this type of anti-L2 pressure and rhetoric during the current market cycle amid the suppressed price action for Ether (eth).
“Everyone understands that if ethereum does not survive, layers 2 do not survive,” said Nailwal, added:
“The ethereum community should not press enough developers, it should not be able to press enough developers, for price movements and all that, they can end up making a decision that completely breaks the social fabric of ethereum.”
The Polygon co -founder praised the leadership of Vitalik Buterin and its most active role in the ethereum Foundation, saying that it has been the greatest strength to maintain the ecosystem of ethereum cohesive.
Nailwal characterized Bugerin as the “DNA” of the network that has attracted many talented developers throughout the years that are building layers at the top of the ethereum base layer.
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Liquidation layers vs. execution layers
According to Nailwal, the dichotomy of the Capa-1 vs Capa-2 is the wrong way of thinking about blockchain networks.
The founder of Polygon defined only two layers of liquidation in all crypto, bitcoin and ethereum, with all other cryptography networks of execution layers.
In the future, almost all applications will have their own block chain to avoid paying gas rates and will publish final transactions to one of these liquidation layers, Nailwal said.
The ethereum base layer will benefit from this explosion of execution layers, accumulating value of these final settlements and promoting the long -term growth of the ecosystem, which one day will be perfectly interoperable.
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Critics of ethereum execution layers say that scale networks are currently cannibalizing the base layer, which culminated in a 99% drop in the income of ethereum L1 in September 2024.
Nailwal concluded that due to these differences between the settlement and the execution layers, no other cryptographic network is a real competition for ethereum, except the bitcoin Network.
However, the only way bitcoin's network could be a threat to ethereum is whether it adopted more advanced command sequence options that give it a reliable and intelligent contractual functionality as ethereum, Nailwal said.
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