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Solana Co-Founder Trashes L2s, Says L1s Are Faster and More Secure
In a recent statement, Solana co-founder Anatoly Yakovenko has expressed skepticism towards the concept of Layer 2 (L2) solutions, stating that they are unnecessary given the finite nature of valuable smart contracts. Yakovenko believes that having multiple L2 solutions is redundant, as he claims that it’s possible to have a single L2 solution handle parallel execution and accommodate all potential use cases.
According to Yakovenko, there is no point in creating multiple L2 solutions when there are only so many valuable smart contracts available. He emphasized that the number of execution environments (L2s) should be limited to ensure efficiency and security. Instead, he suggests focusing on improving the scalability and transaction speed of the base layer.
In an interview earlier this year, Yakovenko also described L2 solutions as “parasitic,” suggesting that they rely too heavily on the mainnet and don’t truly enhance its capabilities. His comments have sparked controversy within the crypto community, with many arguing that multiple L2s are necessary for decentralized applications (dApps) to thrive.
Solana’s stance is a departure from other notable blockchain projects like Ethereum, which has been actively promoting the development of its own L2 solution, Optimism. The project aims to reduce the pressure on the mainnet by enabling parallel execution and increasing transaction capacity.
Ethereum’s quarterly transaction revenue has taken a significant hit, plummeting 95% since Q4 2021. The sharp decline is attributed largely to the growing reliance on L2 solutions.
Source: https://u.today/solana-co-founder-trashes-l2s-says-l1s-are-faster-and-more-secure
