Part of the Ethereum Community puts the Ethereum Foundation under pressure to make decisions that may restrict the whole social tissue of the Smart Contract network by restricting the Layer-2 (L2) networks from Ethereum.
During an episode of CoinTelegraph's chain response exhibition on X On March 28, the founding father of Polygon said that he only saw one of these pressure and anti-L2 rhetoric in the midst of the present market cycle in the midst of suppressed price campaign for Ether (Ether).
“Everyone understands that the Layer-2, if Ethereum doesn’t survive, doesn’t survive,” said Nailwal and added:
“The Ethereum Community shouldn’t put the developers under pressure – I shouldn’t have the option to place the developers under pressure – for price movements and all of this they could make a choice that completely breaks Ethereum.”
The co -founder of Polygon praised the leadership of Vitalik Buterin and his more lively role within the Ethereum Foundation and said he was the best strength to maintain Ethereum's ecosystem coherent.
Nailwal characterised butterin because the “DNA” of the network, which has attracted many talented developers through the years, construct the layers on the essential layer of Ethereum.
The total value was secured in Ethereum's scaling solutions. Source: L2Beat
Settlement layers against execution layers
According to Nailwal, the shift-1-layer 2-dichotomy is the incorrect approach to take into consideration blockchain networks.
The polygon founder defined only two layers of settlement in all of Crypto, Bitcoin and Ethereum, whereby all other crypto networks are execution layers.
In the long run, almost every application may have its own blockchain to avoid payment of gas fees and perform the ultimate transactions to one in every of these settlement layers, said Nailwal.
The basic layer of Ethereum will profit from this explosion of execution layers that achieve value from these final settlements and promote the long -term growth of the ecosystem, which is able to someday be seamlessly interable.
The fees for the essential layer from Ethereum drop after the upgrade from Dencun. Source: The TIE terminal
Critics of Ethereum's directional directions say that the scaling networks can currently the bottom layer that culminated by 99% by September 2024 for a decline in Ethereum L1 income.
Nailwal got here to the conclusion that no other crypto network is an actual competition around Ethereum because of these differences between the settlement and execution layers along with the Bitcoin network.
However, the Bitcoin network could only be a threat to Ethereum if it takes more advanced scripts that give it reliable, intelligent contract functions similar to Ethereum, said Nailwal.
