BCGAME - Free 5BTC Daily Bonus!In a recent development in the cryptocurrency community, the CEO of Polygon Labs, a leading Layer 2 (L2) scaling network for Ethereum, Marc Boiron, shared criticism aimed at Layer 3 (L3) networks on the Ethereum (ETH) blockchain.
In a critical tone in a recent publication on platform X, the CEO of Polygon Labs argued that Layer 3 networks are unnecessary for scaling the Ethereum network, serving only to drain value from the main network.
In his statement, Boiron expressed all his skepticism related to Layer 3 networks, emphasizing that Polygon Labs does not work on them because they are not essential in scaling existing networks.
“I will say the silent part out loud: L3s exist only to take value from Ethereum and transfer it to the L2s on which the L3s are built. *You don't need L3s to scale* And that's why Polygon Labs doesn't run on L3s,” wrote the CEO.
I'll say the quiet part out loud: L3s exist only to take value away from Ethereum and onto the L2s on which the L3s are built.
*You do not need L3s to scale*
And this is why Polygon Labs does not work on L3s.
—Marc Boiron (@0xMarcB) March 31, 2024
At the time of publication, the polygon price it was quoted at US$0,9654 with an increase of 3.2% in the last 24 hours. During this period, the MATIC cryptocurrency had a trading volume of US$336.880.910. Over the last seven days, the token has seen a 5.4% pullback.
The debate over Layer 3 networks has been ignited in the community following the recent March 28 launch of the L3 Degen Chain network. This new token quickly became a preferred option for members of the crypto community, attracting a lot of attention in the market.
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