Polygon’s CEO Marc Boiron emphatically acknowledged that the layer-2 community was not contemplating creating layer-3 protocols because of the potential dangers they pose to Ethereum’s safety.
Boiron made this assertion because of the early success of Degen Chain, a layer 3 community operating on the Coinbase-backed Base scaling resolution.
Layer 3 protocols enhance scalability by constructing on Layer 2 infrastructure, permitting builders to tailor application-specific blockchains to their necessities.
Epee chain
Degen Chain is a layer 3 community constructed with Arbitrum Orbit for the DEGEN token. The digital asset has rapidly change into a very powerful neighborhood token amongst Farcaster customers, the fast-growing social media platform web3.
Since its launch on March 28, the community has attracted vital consideration and transactional exercise inside the crypto trade, with a powerful improve of over 200% up to now week.
Obtainable information signifies that the community has facilitated the bridging of greater than $30 million, along with bridging energy 3.5 million transactions from March 30.
Neighborhood debates layer-3
Degen Chain’s early successes have sparked debates from the crypto neighborhood, who’ve differing views on the community.
In a March 31 submit on X (previously Twitter), Boiron claimed that layer 3 networks divert worth from Ethereum to the layer 2 platforms that host them.
Based on him, such a path doesn’t align with Polygon’s dedication to Ethereum scaling, which the corporate is already addressing by means of its proof-of-stake (PoS) and zero-knowledge Ethereum Digital Machine (zkEVM) chains.
Moreover, Boiron identified the potential antagonistic results of layer 3 adoption, highlighting the minimal efficiency enhancements and the looming risk to Ethereum’s safety. He stated:
“If all L3s have been to decide on one L2, Ethereum would basically haven’t any worth and thus the safety of Ethereum could be compromised.”
He added:
“If Ethereum earns no charges and has no prospect of any charges aside from a small quantity of charges from this one L2, then the worth of ETH will fall and, when it’s clear that it’s going to proceed to fall as a result of there shall be no financial future validators are now not keen to carry ETH and thus now not keen to safe the community.”
In the meantime, blockchain knowledgeable Cygaar explained that layer 2 networks usually are not but “mature” and have but to inherit Ethereum’s stage of safety resulting from current challenges reminiscent of community centralization, upgradable bridge contracts and creating proof techniques.
Subsequently, he argued that integrating layer-3 networks on high of layer-2 networks might exacerbate the dangers and compromise the safety of those blockchain networks.