• Polygon Labs CEO Marc Boiron speaks out towards Layer 3 networks in a current X put up.
• Boisron warns that the L3 community will rob Ethereum of its worth and pose potential safety dangers.
• This criticism follows meme coin mission Degen's low-cost L3 blockchain, Degen Chain.

Polygon Labs CEO Marc Boiron reportedly criticized Layer 3 networks in a current X put up. He highlighted the potential dangers of Ethereum's safety eroding as a result of L3 developments.

Boiron's criticism comes shortly after the Degen ecosystem launched Degen Chain, a low-cost layer 3 blockchain. Base community's memecoin mission Degen lately launched Degen Chain, constructed utilizing Arbitrum Orbit and AnyTrust DA. Though the mission was broadly accepted by the general public, some distinguished figures criticized it, together with the CEO of Polygon Labs.

Based on Boiron, the introduction of L3 will finally negate the worth of Ethereum. He argued that L3's existence will solely serve to “take worth away from Ethereum and switch worth to L2, which L3 is constructed on.”

Polygon Labs' CEO emphasised that L3 was a wasteful and disappointing launch, saying, “We don't want L3 to scale.” Moreover, Polygon Labs has publicly acknowledged that it’s going to by no means undertake a Layer 3 community.

Nonetheless, not everybody agreed along with his views. OxWenMoon, a distinguished voice within the blockchain area, responded to Boiron's put up with the next:

“I don't suppose that is true, however even when we assume it’s, there is no such thing as a such factor as “taking worth from Ethereum and shifting it to L2''. L2 on Ethereum has worth on Ethereum. ”

Boiron agreed that L2 is Ethereum, however disagreed with the concept that the L2 worth is the Ethereum worth. He mentioned, “If all his L3s settled on his one his L2, Ethereum's safety can be in danger as a result of Ethereum would primarily not be capable to seize any worth.” , bolstered my ideas.