Op-Ed: L2s Deserve Warning Shots Fired in Bankless Episode
AI summary of the linked articleStarkWare's CEO argues that critics such as Ethereum researcher Max Resnick are right to press Layer 2 networks, which need to decentralize faster. Resnick called Ethereum L2s "parasitic" on Bankless, arguing that their centralized sequencers keep fees that would otherwise be shared. StarkWare's sequencer revenue roughly covers proving costs, and a community vote approved plans to make Starknet the first L2 with protocol staking, to be rolled out in stages. A Cointelegraph report cited in the piece counts 73 Ethereum L2s listed on L2beat, with 82 more in the pipeline. |
1 comment mishaSubmitter This topic seems to be on everyone’s mind. Critique of L2s: Ethereum researcher Max Resnick criticizes Layer 2s (L2s) as parasitic to Ethereum, arguing they detract value from the Layer 1 blockchain. vs Role of L2s: The author defends L2s as essential for scalability, asserting they provide efficient solutions for developers and users while enhancing Layer 1's relevance. What I didn’t know is that there is an oversaturation of L2s, with 73 currently listed and 82 in development, prompting concerns about the viability of many projects. OMG we’re going to have 155 L2s soon 😅 |