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- 1 Anatoly Yakovenko, Solana’s Co-founder is not in favor of the Layer-2 solution, and finds it irrelevant.
- 2 The blockchain platform is heavily focused on global atomic composition.
Solana, one of the biggest competitors of Ethereum is again in highlights. This time, its co-founder, Anatoly Yakovenko’s post got all the attention, expressing confidence that the blockchain can address growing Decentralized App (DApp) demand without layer-2 solutions.
Yakovenko Found Layer-2 Solution Irrelevant
The blockchain prominently becomes a subject of discussion, mainly in terms of adding layer-2 solutions. Yakovenko took the X platform to make it clear and uncovered the blockchain’s core mission.
“Adding a Layer-2 solution to the Solana blockchain is possible but irrelevant”, said Yakovenko.
The blockchain’s design operates on the hybrid consensus mechanism, fulfilling all the requirements related to scalability without depending on additional layers.
Despite layer-2 solutions, the blockchain is heavily focused on its mission to synchronize a global atomic state machine. Yakovenko is confident that the blockchain is potent enough to fulfill the rising DApps demands with a layer-1 solution. With this focus, Anatoly sidelines the role of layer-2 options.
Anatoly hopes to achieve the goal, as quickly as the laws of physics allow.
“Layer-2 solutions like side chains and zero-knowledge proofs have enough potential, but don’t contribute to blockchain’s atomic global state machine”, Anatoly explained.
The atomic global state machine system, on the other hand, focuses on boosting blockchain efficiency and scalability. However, Yakovenko hasn’t restricted the developer’s team to working with the layer-2 solutions.
The only purpose of the blockchain is to offer a high-performance and low-cost environment for DApps.
Ethereum And Layer-2 Solution
Ethereum, one of the most powerful blockchain platforms heavily relies on layer-2 solutions, mainly to resolve issues associated with the high transaction fees and congestion. Layer 2 solution emerging as a good option in terms of the potential to offload transactions from the main blockchain and maintain compatibility with the smart contacts.
Optimism and Arbitrium best represent layer-2 solutions’ potentials and advantages.
In addition, L2Beat facts represent, the combined total value locked (TVL) of around $20 Billion for layer-2 solutions. Also, On January 5, Arbitrium managed around $10 Billion in assets, making the layer-2 solution more qualified for Ethereum scaling.
The blockchain is all prepared to ride with a layer-2 solution and decided not to increase the gas fees from the 30 Million Gwei level. It was decided during the developer call.
In addition, the adaptation of the layer-2 solution will no doubt enhance the user experience by providing low gas fees, and more transactions per second with all transactions irreversible registered on the mainnet.
Analysts concluded the delay in on-chain scaling initiatives for off-chain methods, mainly sidechain and off-chain rails.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
