We use cookies to enhance your browsing experience, serve personalised ads or content, and analyse our traffic. By clicking "Accept All", you consent to our use of cookies.
Customise Consent Preferences
We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.
The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ...
Always Active
Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.
No cookies to display.
Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.
No cookies to display.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.
No cookies to display.
Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.
No cookies to display.
Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.
Solana Co-Founder Argues Against Developing Layer 2 Solutions
Solana's co-founder sparked controversy in the crypto community by stating there is "no reason to build a Layer-2 solution." This challenges the traditional approach to blockchain scalability, stirring up debates within the industry.
According to Mr. Yakovenko, Layer 1 blockchains like Solana can be faster, cheaper, and more secure without relying on Layer 2 solutions. He criticizes Layer 2 solutions for their dependency on a “slow-moving Layer 1 data availability stack” and compromises on security with complex fraud proofs and multi-signature upgrades.
One of the main concerns raised in response to Mr. Yakovenko’s stance is scaling a single blockchain as data storage requirements grow exponentially.
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. https://t.co/Ov3YAfz9U4
While Solana currently only generates 80 TB of data per year, Mr. Yakovenko acknowledges it is still too much for an individual but not sufficient for building a viable business. To tackle this challenge, Solana has developed innovations such as “Chilly,” “Avocado,” and “LSR” to optimize state growth and enhance transaction efficiency without sacrificing performance.
Additionally, Solana is exploring solutions to manage creating new accounts, a resource-intensive process requiring validators to prove that an account does not already exist. Mr. Yakovenko has proposed a “binary trie mining” mechanism that allows validators to earn additional SOL by compressing inactive accounts.
Governance Under the Spotlight
The controversial stance by Anatoly Yakovenko comes as the Solana community has just overwhelmingly rejected proposal SIMD-0228, a change to the dynamic emission schedule of mining rewards. This historic vote, involving over 74% of the network stakes, showed that small validators can counter institutional influence.
While it remains to be seen if Solana’s state management strategies will prove more effective than traditional Layer 2 rollups, Mr. Yakovenko’s vision challenges conventional approaches to scaling and may be implemented in the future.
Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.