the biggest upside of L2s isn’t scaling Ethereum
it’s onboarding users & builders.
despite the L1 scaling, users stay on L2s because they’ve built great ecosystems.
that wouldn’t have happened on the L1. the business model is owning your chain.
without L2s, they would have built competing L1s instead.
scaling the L1 to 10k TPS won’t cut it anyway. Lighter alone almost uses that much.
in many cases, builders & users will continue to go where it’s cheapest & fastest. that won’t be the L1.
a single chain can’t scale. multiple chains create fragmentation.
the problem has always been fragmentation, and it can only be solved with L2s.
a seamless cross-chain experience can’t happen with multiple L1s.
we need chain abstraction.
we need synchronous composability.
we needed it yesterday.
that’s the biggest failure of the EF, and blaming L2s for being slow to reach stage 2 is partly their fault.
L2s have no incentive to do it themselves. most users aren’t demanding it.
the EF should force them to do it in any way possible
by incentivizing & making it easy for L2s to become one with Ethereum.
- to be interoperable with the L1 & other L2s.
- to inherit Ethereum’s decentralization & security.
- to move away from multisigs.
- for wallets to integrate interoperability & chain abstraction.
native & based rollups are good solutions. but where are they? they’ve been talked about for years.
scaling the L1 still makes sense. it helps interoperability and makes current use cases like DeFi more usable. it increases usage & attracts builders.
tokenize on the L1, move on seamless L2 rails.
