Polygon CEO Marc Boiron emphasised that the corporate is just not contemplating creating a layer 3 protocol as a layer 2 community poses potential dangers to Ethereum's safety.

Boiron made this assertion on the again of the early success of Degen Chain, a layer 3 community operating on the Coinbase-backed scaling resolution Base.

Layer 3 protocols improve scalability by constructing on Layer 2 infrastructure, permitting builders to tailor application-specific blockchains to their necessities.

degen chain

Degen Chain is a layer 3 community constructed utilizing Arbitrum Orbit of DEGEN tokens. The digital asset has shortly emerged because the main neighborhood token amongst Farcaster customers, the quickly increasing Web3 social media platform.

Since its launch on March 28, the community has gained important consideration and buying and selling exercise throughout the crypto business, witnessing an unimaginable spike of over 200% prior to now week.

Out there knowledge exhibits that the community has facilitated greater than $30 million in bridges in parallel with electrical energy provide. 3.5 million transactions As of March thirtieth.

Group dialogue layer 3

Degen Chain's early success sparked debate from the crypto neighborhood with differing views on the community.

In a March 31 submit on X (previously Twitter), Boiron claimed that Layer 3 networks are diverting Ethereum's worth to the Layer 2 platforms that host it.

He stated such a trajectory is inconsistent with Polygon's efforts to scale Ethereum. The corporate is already addressing this difficulty by way of its Proof of Stake (PoS) and Zero Information Ethereum Digital Machine (zkEVM) chains.

Moreover, Boisron identified the potential unfavourable results of Layer 3 adoption, highlighting the minimal efficiency good points and rapid threats to Ethereum’s safety. He stated:

“If all L3s settled on one L2, Ethereum’s safety can be in danger as a result of Ethereum would basically not have the ability to seize any worth.”

he added:

“If Ethereum doesn’t earn charges and there’s no prospect of incomes charges aside from this small payment from L2, then the worth of ETH will fall and it’s clear that it’ll proceed to fall for no financial purpose. Sooner or later, validators will now not have an incentive to carry ETH and subsequently shield the community.”

Alternatively, blockchain skilled Cygaar stated, defined On account of present challenges resembling community centralization, upgradable bridge contracts, and the event of validation methods, Layer 2 networks are usually not but “mature” and haven’t but inherited the safety degree of Ethereum.

Consequently, he argued that integrating layer 3 networks on high of layer 2 might exacerbate dangers and compromise the safety of those blockchain networks.

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