Anatoly Yakovenko, co-creator of Solanas, has voiced strong disapproval of Layer 2 (L2) solutions. He claims that there is absolutely no requirement to construct them, as Layer 1 (L1) blockchains such as Solana can be quicker, safer, and more affordable.
Yakovenko emphasizes that Solana truly produces a comparatively tiny quantity of data each year (about 80 TB), allaying fears about storage restrictions on L1 blockchains. He thinks that Solana is in direct rivalry with all Ethereum L2s, but Ethereum’s mainnet is not always in the same contest.
He even proposed earlier this month that users should avoid developing L2s that lack value and instead launch tokens directly on L1 chains. According to Yakovenko, L2s lose speed due to the sluggish movement of L1 data availability stacks and jeopardize security via sophisticated fraud proofs and upgrade multi-signatures.
Yakovenko questions the need for numerous L2 solutions, given the limited number of valuable smart contracts. He emphasizes the considerable drop in Ethereum’s quarterly transaction income since its high in Q4 2021.
In his opinion, several L2s are unneeded. He declared in January that if a single L2 can manage parallel execution, it can use all of the available blobspace and run every use case, particularly if there are not an infinite number of helpful smart contracts or execution environments.
Yakovenko characterized L2s as parasitic last year, since they obtain priority transactions from the base layer. To recap, Anatoly Yakovenko, co-founder of Solanas, sees no purpose in developing Layer 2 solutions, emphasizing that Solana is competing with all L2s and that multiple L2s are superfluous.
