Sandeep Nailwal, co-founder of Polygon, has voiced issues a couple of faction inside the Ethereum neighborhood advocating for limitations on Ethereum’s layer-2 networks, warning this might unravel the community’s social cohesion. Talking on March 28, Nailwal remarked that viewing Ethereum’s scaling options as rivals is misguided. He famous the presence of this strain and rhetoric amid a suppressed Ether market cycle.
Nailwal pressured that the survival of Ethereum is essential for the sustainability of its layer-2 networks. He cautioned in opposition to pressuring builders into making choices primarily based on market fluctuations, as this might injury Ethereum’s social cloth. He counseled the management of Ethereum co-founder Vitalik Buterin, attributing the integrity of Ethereum’s ecosystem to Buterin’s steerage, which has attracted a talented developer neighborhood to construct on Ethereum’s foundational know-how.
The dialog round Ethereum’s construction ought to shift from contrasting layer-1 and layer-2 to recognizing solely two settlement layers in the crypto world: Bitcoin and Ethereum, Nailwal argued. He predicted that in the future, particular person purposes would function their very own blockchains, sparing customers from gasoline charges and settling transactions on these main layers. This improvement is predicted to bolster Ethereum’s ecosystem, enhancing its interoperability.
Regardless of critiques suggesting that execution layers are undermining the base layer by resulting in important income drops by September 2024, Nailwal posited that Ethereum’s inherent place as a settlement layer ensures its primacy over different networks, with Bitcoin being its solely potential competitor. Nonetheless, Nailwal clarified that Bitcoin would solely pose an actual aggressive menace if it developed its scripting capabilities to match Ethereum’s sensible contract performance.
