Vitalik Buterin: L3 can cut back prices, however there are additionally “lighter” choices

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  • Vitalik Buterin believes that L3 networks “don't magically enhance throughput.”
  • Buterin additionally mentioned there are “simpler methods” to save cash in addition to utilizing L3.
  • Polygon’s Marc Boiron believes that L3 solely exists to take worth away from Ethereum.

Ethereum blockchain co-creator Vitalik Buterin reiterated his place on Layer 3 networks, including that Layer 3 networks “don’t magically enhance throughput.”

in put up On social media platform X, Buterin shared an article about Layer 3 networks that he wrote a few 12 months and a half in the past. The article concludes that the L3 community “can remove a number of the mounted prices of batch publishing and deposits and withdrawals.”

Nevertheless, Buterin believes there may be an “simpler” option to understand the price financial savings that customers obtain from utilizing L3 networks.

Moreover, the Ethereum co-creator said within the article that the talk relating to the classification of L3 and L2 networks continues to be open, stating that “whereas the structure of a multi-rollup ecosystem is but to be established, “It’s too early to outline it,” he added. It’s entrenched and a lot of the dialogue is barely in principle. ”

Polygon CEO Marc Boisron, specifically, shares the alternative opinion, stating that “L3 exists solely to take worth away from Ethereum and switch worth to L2, on high of which L3 is constructed.” , has been stirring up the X crypto neighborhood recently.

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Boiron’s view was challenged by a commentator who mentioned that L2 on Ethereum “is value it on Ethereum.” A Polygon govt responded:

“I don't agree that the L2 worth is the worth of Ethereum. Let's take this to an excessive: If all L3s settled on one L2, Ethereum would primarily not acquire any worth. This places the safety of Ethereum in danger.”

Key gamers within the L3 ecosystem at present constructing on L2 Networks' options embody Orbs, Xai, zkSync Hyperchains, and the newly launched Degen Chain on Arbitrum Orbit. Nevertheless, it is very important notice that this subject continues to be comparatively small.

Disclaimer: The knowledge contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any sort. Coin Version isn’t chargeable for any losses incurred on account of using the content material, merchandise, or companies talked about. We encourage our readers to conduct due diligence earlier than taking any motion associated to our firm.

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