Anatoly Yakovenko, the co-founder of Solana (SOL), has decided to throw some shade at layer-2s, those supposedly “scalable” protocols that everyone seems to be obsessed with. His take? They’re about as necessary as a screen door on a submarine. 🚪🌊
Recently, a mysterious figure on X (formerly Twitter) tried to rally developers to build on Ethereum (ETH) instead of creating new competitors, claiming that layer-2s are “faster, cheaper, and more secure” than layer-1s. Yakovenko, never one to shy away from a good debate, fired back with the subtlety of a sledgehammer.
“There is no reason to build an L2. L1s can be faster, cheaper, and more secure. They aren’t slowed down by a glacially moving L1 data availability stack, or have to compromise security with complex fraud proofs and upgrade multisigs.”
In other words, layer-2s are like adding a turbocharger to a car that already has a jet engine. Sure, it might sound cool, but do you really need it? 🚗💨
Yakovenko also dropped some math bombs to prove his point. He argues that layer-1s can handle eight billion users without breaking a sweat. “Eight billion * three transactions per day is sub 300,000 TPS (transactions per second). That fits in under 1 GBPS (gigabytes per second) of block throughput for 400-byte transactions.” Translation: Solana’s got this. No need for layer-2s to come to the rescue. 🦸♂️
And as for data storage? Yakovenko casually mentions that Solana “generates a measly amount of data.” “Like 80 terabytes per year so far. It’s just not enough data to build a business around, but too much for any individual to easily store.” So, unless you’re planning to start a data hoarding empire, you’re probably fine. 🗄️
At the time of writing, Solana, the sixth-ranked crypto by market cap, is trading at $142.22, up more than 8.5% in the past 24 hours. Not too shabby for a blockchain that doesn’t need layer-2s to flex its muscles. 💪
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2025-03-25 20:01