Polygon Labs CEO Attacks Layer 3 Networks, Saying They Devalue Ethereum

Within the newest dialogue on social media platform X, Polygon CEO Marc Boiron lashed out on the Layer 3 networks gaining a lot prominence in current instances. As per Boiron, L3s aren’t essential to scale Ethereum however as an alternative would show to be a burden on the community.

L3s Take Worth Away From Ethereum

Boiron asserted that L3s primarily operate to divert worth away from Ethereum and onto the Layer 2 solutions (L2s) they’re constructed upon. He emphasised that scaling Ethereum doesn’t necessitate the implementation of L3s.

I’ll say the quiet half out loud: L3s exist solely to take worth away from Ethereum and onto the L2s on which the L3s are constructed.

*You don’t want L3s to scale*

And this is the reason Polygon Labs doesn’t work on L3s.

— Marc Boiron (@0xMarcB) March 31, 2024

Boiron additional defined that Polygon Labs doesn’t have interaction within the growth of L3s. Whereas acknowledging the importance of L2s within the Ethereum community, he disagreed with the notion that L2 worth equates to Ethereum worth. He illustrated the potential danger to Ethereum’s safety if all L3s settled on a single L2, as it could diminish Ethereum’s worth seize and jeopardize its financial sustainability.

In Boiron’s view, if Ethereum ceased to generate charges and lacked prospects for price technology past a single L2, the worth of ETH would decline. This situation may lead validators to lose confidence in ETH, leading to a decline in community safety as validators withdraw from securing the community.

Debate Over the Advantages of L3s Develop

Peter Haymond, one of many neighborhood members answerable for constructing scaling options for Ethereum argued that Layer 3s include a bunch of advantages and don’t take away worth from Ethereum essentially.

There’s a bunch of advantages for L3’s. They don’t take away worth from Ethereum. https://t.co/IFD6cvzKzk

— Peter Haymond 🛡️ (@peterhaymond) March 31, 2024

Boiron highlighted a number of elements relating to the advantages of Layer 2 (L2) options, emphasizing the significance of native bridging’s low price. Whereas acknowledging its benefits, he additionally famous the financial and safety prices related to counting on different bridges, which may end in delays in the usage of capital or require funds for expedited capital utilization.

Moreover, he questioned the perceived advantages of a low price of problem or proving, suggesting that it won’t maintain true given proof aggregation. Equally, Boiron dismissed the notion of customized gasoline token as a real profit, mentioning its availability for L2s on Polygon CDK.

Lastly, he categorized different potential advantages as not actually unique to L2s, as they’re additionally out there for L2s, as beforehand talked about.