Solana Co-Founder Trashes L2s, Says L1s Are Faster and More Secure

Co-founder of Solana Anatoly Yakovenko has said that there isn’t a cause to construct Layer-2 (L2) options.

In accordance with Yakovenko, Layer -1 (L1) options might be sooner, cheaper and safer.

“They aren’t delayed by an icy transferring stack of the L1 knowledge availability, or must endanger the safety with advanced fraud tickets and multisigs upgrades,” mentioned Yakovenko.

Yakovenko has additionally added that Solana generated a “measly” quantity of knowledge (about 80 terabytes per yr) in response to a query in regards to the storage restrictions of L1 -Blockchains.

Solana competes with each L2

Earlier this month he argued that customers “can skip a nugatory L2 and simply launch a token.”

Yakovenko additionally believes that Solana is competing with “Elke” Ethereum L2. Nevertheless, this isn’t the case for the Ethereum Meminet.

A number of L2s are superfluous

The co-founder of Solana is of the opinion that having a number of L-2 options is just not crucial, because the variety of precious sensible contracts is finite.

“It is unnecessary for a number of L2s. If a single L2 parallel model can deal with, it may well use all Blobspace and carry out any use case. What’s extra is that there aren’t any infinite sensible contracts, not to mention implementation environments,” he mentioned in January.

Ethereum’s L2 disaster

The quarterly transaction revenue from Ethereum has now fallen by at least 95% in comparison with the all-time excessive that was registered within the fourth quarter of 2021.

Final yr Yakovenko described that L2S is “parasitic” once they take extra precedence transactions from the bottom layer.