{"id":568315,"date":"2024-01-05T23:00:17","date_gmt":"2024-01-05T23:00:17","guid":{"rendered":"https:\/\/ktsl888.com\/?p=568315"},"modified":"2024-01-05T16:00:11","modified_gmt":"2024-01-05T16:00:11","slug":"solana-doesnt-need-layer-2s-like-ethereum","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/solana\/solana-doesnt-need-layer-2s-like-ethereum\/","title":{"rendered":"Solana Co-Founder: The Blockchain Doesn’t Need Layer-2s Like Ethereum"},"content":{"rendered":"

Solana co-founder Anatoly Yakovenko has expressed confidence that their blockchain can handle the growing demand for decentralized applications (dapps) without needing layer-2 solutions like those employed by Ethereum.<\/span><\/p>\n

Solana Doesn’t Need Layer-2 Solutions<\/span><\/h2>\n

In a post on X, Yakovenko<\/span>\u00a0argued<\/span><\/a> that Solana’s design, which utilizes a hybrid consensus mechanism, enables it to scale efficiently without relying on additional layers. The co-founder explained that their goal is to eventually synchronize a global atomic state machine “as fast as the laws of physics allow.” With this stance, Yakovenko appears to be downplaying the role of layer-2 off-chain options like Arbitrum<\/a> and Base.<\/span><\/p>\n

\n
Related Reading: Maker Market Heats Up: Over 600 Addresses Complete MKR Trades In Single Day<\/a><\/div>\n<\/div>\n

“Solana aims to synchronize a global atomic state machine as fast as the laws of physics allow,” Yakovenko said on X. “In this end state, any layer-2, side chain, or zero-knowledge proof Valadium amounts to the same thing. They are external execution environments that cannot ensure atomic composition with the rest of the layer-1 state.”<\/span><\/p>\n

Despite the position Yakovenko takes, the co-founder said the floor is open for developers to create layer-2 solutions. However, it won’t be necessary because the network can handle such demand without such workarounds.\u00a0<\/span><\/p>\n

Ethereum Is Confident Layer-2s Will Be Key To Scaling<\/span><\/h2>\n

This stance contrasts Ethereum’s approach, which increasingly relies on layer-2 solutions to alleviate congestion and high transaction fees. Layer-2 options such as Optimism and Arbitrum have gained popularity for their ability to offload transactions from the mainnet while maintaining compatibility with existing smart contracts.\u00a0<\/span><\/p>\n

\"Solana<\/a>
Solana price trending sideways on the daily chart | source: SOLUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n

To quantify their role in scaling Ethereum, L2Beat data\u00a0<\/span>shows<\/span><\/a>\u00a0that the layer-2 solutions have a combined total value locked (TVL) of over $20 billion. The largest of them is Arbitrum, which manages $10 billion of assets when writing on January 5.<\/span><\/p>\n

\"Layer-2s
Layer-2s total value locked | Source: L2Beat<\/figcaption><\/figure>\n

Though Yakovenko’s comments reflect Solana’s focus on providing a high-performance, low-cost environment for apps, there have been instances when the network froze, calling its reliability into question. To resolve this, the platform plans to upgrade its client, adding the Firedancer for increased node reliability and performance.\u00a0<\/span><\/p>\n

Related Reading: Ethereum Mega Whales Continue To Buy: Do They Know Something You Don\u2019t?<\/a><\/div>\n

On the other hand, Ethereum seems to be going the layer-2 route. During their developer call, it was decided that Ethereum’s gas limit won’t be increased further from the 30 million gwei level. This, analysts\u00a0<\/span>concluded<\/span><\/a>, meant the delay of on-chain scaling ambitions for off-chain methods, specifically off-chain and sidechain rails.<\/span><\/p>\n

Feature image from Canva, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"

Solana co-founder Anatoly Yakovenko has expressed confidence that their blockchain can handle the growing demand for decentralized applications (dapps) without needing layer-2 solutions like those employed by Ethereum. Solana Doesn’t Need Layer-2 Solutions In a post on X, Yakovenko\u00a0argued that Solana’s design, which utilizes a hybrid consensus mechanism, enables it to scale efficiently without relying on additional layers. The co-founder explained that their goal is to eventually synchronize a global atomic state machine “as fast as the laws of physics allow.” With this stance, Yakovenko appears to be downplaying the role of layer-2 off-chain options like Arbitrum and Base. Related Reading: Maker Market Heats Up: Over 600 Addresses Complete MKR Trades In Single Day “Solana aims to synchronize a global atomic state machine as fast as the laws of physics allow,” Yakovenko said on X. “In this end state, any layer-2, side chain, or zero-knowledge proof Valadium amounts to the same thing. They are external execution environments that cannot ensure atomic composition with the rest of the layer-1 state.” Despite the position Yakovenko takes, the co-founder said the floor is open for developers to create layer-2 solutions. However, it won’t be necessary because the network can handle such demand without such workarounds.\u00a0 Ethereum Is Confident Layer-2s Will Be Key To Scaling This stance contrasts Ethereum’s approach, which increasingly relies on layer-2 solutions to alleviate congestion and high transaction fees. Layer-2 options such as Optimism and Arbitrum have gained popularity for their ability to offload transactions from the mainnet while maintaining compatibility with existing smart contracts.\u00a0 To quantify their role in scaling Ethereum, L2Beat data\u00a0shows\u00a0that the layer-2 solutions have a combined total value locked (TVL) of over $20 billion. The largest of them is Arbitrum, which manages $10 billion of assets when writing on January 5. Though Yakovenko’s comments reflect Solana’s focus on providing a high-performance, low-cost environment for apps, there have been instances when the network froze, calling its reliability into question. To resolve this, the platform plans to upgrade its client, adding the Firedancer for increased node reliability and performance.\u00a0 Related Reading: Ethereum Mega Whales Continue To Buy: Do They Know Something You Don\u2019t? On the other hand, Ethereum seems to be going the layer-2 route. During their developer call, it was decided that Ethereum’s gas limit won’t be increased further from the 30 million gwei level. This, analysts\u00a0concluded, meant the delay of on-chain scaling ambitions for off-chain methods, specifically off-chain and sidechain rails. Feature image from Canva, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":568317,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84543],"tags":[84309,1946,79567,9154,12837,83626,85361,83627],"class_list":["post-568315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-arbitrum","tag-ethereum","tag-layer-2","tag-scaling","tag-sol","tag-solana","tag-solana-price","tag-solusdt"],"acf":[],"yoast_head":"\nSolana Co-Founder: The Blockchain Doesn't Need Layer-2s Like Ethereum<\/title>\n<meta name=\"description\" content=\"Solana co-founder Anatoly Yakovenko has expressed confidence that their blockchain can handle the growing demand for decentralized applications (dapps)\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/ktsl888.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Solana Co-Founder: The Blockchain Doesn’t Need Layer-2s Like Ethereum","url":"http:\/\/ktsl888.com\/news\/solana\/solana-doesnt-need-layer-2s-like-ethereum\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/solana\/solana-doesnt-need-layer-2s-like-ethereum\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/Crypto-news-Template156.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/Crypto-news-Template156.jpg?fit=1380%2C780"},"articleSection":"Solana","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["arbitrum","ethereum","layer 2","scaling","sol","solana","solana price","solusdt"],"dateCreated":"2024-01-05T23:00:17Z","datePublished":"2024-01-05T23:00:17Z","dateModified":"2024-01-05T23:00:17Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana Co-Founder: The Blockchain Doesn’t Need Layer-2s Like Ethereum\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/solana\\\/solana-doesnt-need-layer-2s-like-ethereum\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/solana\\\/solana-doesnt-need-layer-2s-like-ethereum\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/Crypto-news-Template156.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/Crypto-news-Template156.jpg?fit=1380%2C780\"},\"articleSection\":\"Solana\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"arbitrum\",\"ethereum\",\"layer 2\",\"scaling\",\"sol\",\"solana\",\"solana price\",\"solusdt\"],\"dateCreated\":\"2024-01-05T23:00:17Z\",\"datePublished\":\"2024-01-05T23:00:17Z\",\"dateModified\":\"2024-01-05T23:00:17Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/Crypto-news-Template156.jpg?fit=1380%2C780","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/568315"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=568315"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/568315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/568317"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=568315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=568315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=568315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}