The CEO of Polygon, Marc Boiron, ignited a debate recently by declaring that Layer-3 networks are unnecessary for scaling Ethereum and only exist to drain value from the mainnet. Boiron argued that the mission of Polygon is to scale Ethereum through layer-2 networks, leveraging parallelization of the EVM and emphasizing privacy. In contrast, other industry players, such as Peter Haymond from Offchain Labs and Patrick McCorry from Arbitrum Foundation, believe that Layer-3 protocols offer various benefits without detracting value from Ethereum. This ongoing discussion centers on whether Layer-3 networks provide unique functionalities or merely duplicate the existing solutions provided by Layer-2 networks. Ethereum co-founder Vitalik Buterin has also contributed to this discourse, emphasizing the need for Layer-3 networks to offer distinct functions from their predecessors to justify their existence. This debate underscores the evolving landscape of Ethereum scalability solutions and the diverse perspectives within the crypto community regarding the role of Layer-3 networks.
Debating the Role of Layer-3 Networks in Ethereum Scaling

by Giorgi Kostiuk
2 years ago

Other news
Morningstar Introduces New Index for Generative AI Companies

Morningstar has launched a new daily index tracking 20 generative AI companies, providing investors with insights into a previously inaccessible market.

OpenAI and Anthropic Launch New AI Tools for Healthcare

OpenAI and Anthropic are launching new AI tools aimed at enhancing healthcare services, focusing on medical case reviews and scientific research.

WhatsApp's Global Chatbot Policy Faces Regulatory Challenges in Brazil and Italy

WhatsApp's new policy restricting third-party AI chatbots faces regulatory challenges in Brazil and Italy, with authorities ordering suspensions and raising concerns about competition.

WhatsApp Exempts Brazil from AI Chatbot Ban Amid Regulatory Pressure

WhatsApp exempts Brazil from its ban on third-party AI chatbots following regulatory pressure from CADE.

How to Trade on Kalshi Prediction Market

Kalshi Prediction Market offers a comprehensive step-by-step guide for new users looking to participate in event-based trading.

Kalshi Prediction Market Launches for Event-Based Trading

Kalshi Prediction Market has launched a platform for regulated trading on real-world events using Yes/No contracts.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter