godfrey benjamin
Polygon Labs' Marc Boiron says Ethereum (ETH) could lose value to L3
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Known as one of the most versatile protocols in terms of evolution, the innovators of Ethereum (ETH) are currently pushing to launch a layer 3 blockchain network. Polygon Labs CEO Marc Boiron commented on this new trend: condemned This move points out that L3 does not form a path to properly scale Ethereum.
Polygons do not participate in trends
In the post shared by Marc Boiron, it is clear that Polygon Labs is not jumping on the bandwagon in developing layer 3 solutions. Polygon itself is a Layer 2 scaling solution built on top of Ethereum, but in Boiron's opinion, any attempt to push these development advances further could completely devalue Ethereum. .
The CEO of Polygon Labs said that in the same way that protocols like Polygon returned value to Ethereum, new scaling products will integrate that value into L2, so L3 developments are not entirely bad for L2 protocols. Maybe not.
Marc Boiron believes that if the L3 narrative is pursued, as is the current trend, it will limit the security protections provided by Ethereum, making it unfavorable in the long run.
Many community members disagreed with this stance, as some noted that Polygon was already favorable to the development of L3 projects such as Orbs, Lens, and Bonsai. In Polygon's defense, Boiron pointed out that anyone can build on Polygon's innovations, but what they should be doing is sharing the value they get on Ethereum.
Polygon innovation is non-intrusive
Polygon is Ethereum's pioneering Layer 2 protocol, and since its inception, it has introduced many new protocols that have changed the landscape of the industry.
One of these innovations is the Polygon zkEVM protocol, through which we hope to establish a stronger foothold in the decentralized finance (DeFi) ecosystem.
Polygon also boasts the Polygon CDK Engine, a tool that powers other key chains such as Lumoz's StableNet.
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godfrey benjamin
