Ye Zhang, co-founder of Ethereum Layer-2 Community Scroll, opposed Ethereum’s name to cost a price on the Layer 2 community.

In an in depth social media submit on April 2, Chang argued that the proposal was detrimental to Ethereum’s long-term imaginative and prescient. He referred to as it a “poisonous” strategy that prioritizes short-term income over sustainable ecosystem worth.

In keeping with Zhang, Ethereum’s power will not be in dividing charges from rollups, however in positioning ETH as a core asset within the a number of layer 2 (L2) ecosystem. He argued that taxing these networks displays company conduct and violated the rules of decentralization, which Ethereum represents.

He emphasised that Ethereum’s worth shouldn’t be measured by protocol income. As an alternative, networks needs to be considered because the financial basis of a rising roll-up-centered ecosystem.

He identified:

“The true power of ETH will not be the protocol price. It is turning into a hub asset throughout hundreds of roll-up ecosystems. That is the longer term.”

Zhang defined that the benefits of ETH are throughout main L2 platforms equivalent to Base, Arbitrum, Optimism, Zksync, and Scroll. He mentioned that even networks like StarkNet don’t use ETH for fuel, so digital belongings stay necessary buying and selling pairs on decentralized exchanges.

The Way forward for Ethereum

With this in thoughts, Chan outlined two potential instructions for Ethereum. In a single state of affairs, ETH evolves right into a central hub of trusted shops and rollup actions for worth.

In keeping with Chan:

“All of the aligned L2s broaden the floor space and social consensus of Ethereum. 1000 scalable rollups with ETH as the middle> any monolithic chain.”

In the meantime, Ethereum can concentrate on taxing L2 actions, driving them in the direction of the provision layer of different knowledge, decreasing the impression of ETH within the broader blockchain state of affairs.

To keep away from this, Zhang urged the neighborhood to concentrate on scaling their execution and bettering their knowledge availability infrastructure.

He sought 1000 instances the development in BLOB capability and inspired the creation of shared instruments equivalent to cross-rollup liquidity bridges and interoperability options.

Chan concluded:

“ETH wins by gravity relatively than toll plaza.”

It’s talked about on this article