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
Cloudflare Sees Increase in Harmful Email Activity.

Cloudflare reports that over 5% of all emails sent globally contain malicious content, with a significant increase noted in November.

Deceptive Links and Email Threats on the Rise

Cloudflare's report indicates that deceptive links are the highest threat category among malicious emails, with a notable increase in identity deception.

Cloudflare Reports Surge in Malicious Emails

Cloudflare reports that over 5% of all emails sent globally contain malicious content, with a significant increase noted in November.

Transforming the NFT Marketplace: Magic Eden's Buyback Program

Magic Eden's new buyback program is set to transform the operational model of NFT marketplaces by enhancing trust among creators and collectors.

Magic Eden Launches Innovative Ordinals Buyback Program

Magic Eden has launched an Ordinals buyback program, committing 15% of trading fees to purchase Ordinals for its treasury, aiming to enhance the Bitcoin NFT ecosystem.

Regulatory Support for Bitcoin Intermediation by Banks

The OCC's recent interpretive letter legitimizes Bitcoin intermediation by banks, allowing them to engage in Bitcoin-related activities without the need for asset holdings on their balance sheets.

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