{"id":126022,"date":"2025-03-28T18:16:31","date_gmt":"2025-03-28T18:16:31","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126022"},"modified":"2025-03-28T18:16:31","modified_gmt":"2025-03-28T18:16:31","slug":"anti-l2-push-could-break-the-social-fabric-of-ethereum-sandeep-nailwal","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126022","title":{"rendered":"Anti-L2 push could \u2018break the social fabric\u2019 of Ethereum \u2014 Sandeep Nailwal"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsA portion of the Ethereum community is pressuring the Ethereum Foundation to make decisions that may \u201cbreak the entire social fabric\u201d of the smart contract network by restricting Ethereum&#8217;s layer-2 (L2) networks, Polygon co-founder Sandeep Nailwal said.<br \/>\nSpeaking during a March 28 episode of Cointelegraph&#8217;s Chain Reaction show on X, the Polygon founder said that he has only seen this type of pressure and anti-L2 rhetoric during the current market cycle amid suppressed price action for Ether (ETH).<br \/>\n\u201cEverybody understands that if Ethereum doesn\u2019t survive, the layer-2s won\u2019t survive,\u201d Nailwal said, adding:<br \/>\n&#8220;The Ethereum community should not pressure the developers enough \u2014 I should not be able to pressure the developers enough \u2014 for price movements and all that, they may end up making a decision that completely breaks the social fabric of Ethereum.&#8221;<br \/>\nThe Polygon co-founder praised Vitalik Buterin\u2019s leadership and his more active role in the Ethereum Foundation, saying he has been the biggest force in keeping Ethereum&#8217;s ecosystem cohesive.<br \/>\nNailwal characterized Buterin as the \u201cDNA&#8221; of the network that has attracted many talented developers over the years who are building layers on top of the Ethereum base layer.<br \/>\nThe total value secured across Ethereum\u2019s scaling solutions. Source: L2BeatRelated: Getting crypto out of the \u2018AOL era\u2019 \u2014 Sandeep Nailwal<br \/>\nSettlement layers vs execution layers<br \/>\nAccording to Nailwal, the layer-1 vs layer-2 dichotomy is the wrong way to think about blockchain networks.<br \/>\nThe Polygon founder defined only two settlement layers in all of crypto, Bitcoin and Ethereum, with all other crypto networks being execution layers.<br \/>\nIn the future, almost every application will have its own blockchain to avoid paying gas fees and will post final transactions to one of these settlement layers, Nailwal said.<br \/>\nEthereum&#8217;s base layer will benefit from this explosion of execution layers, accruing value from these final settlements and promoting the long-term growth of the ecosystem, which will one day be seamlessly interoperable.<br \/>\nEthereum base layer fees drop following the Dencun upgrade. Source: The Tie TerminalCritics of Ethereum&#8217;s execution layers say that the scaling networks are currently cannibalizing the base layer, which culminated in a 99% drop in Ethereum L1 revenue by September 2024.<br \/>\nNailwal concluded that due to these differences between settlement and execution layers, no other crypto network is real competition for Ethereum except the Bitcoin network.<br \/>\nHowever, the only way the Bitcoin network could be a threat to Ethereum is if it adopted more advanced scripting options that give it reliable, smart contract functionality like Ethereum, Nailwal said.<br \/>\nMagazine: Ethereum L2s will be interoperable \u2018within months\u2019: Complete guide<a href=\"https:\/\/cointelegraph.com\/news\/sandeep-nailwal-preserving-social-fabric-ethereum?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsA portion of the Ethereum community is pressuring the Ethereum Foundation to make decisions that may \u201cbreak the entire social fabric\u201d of the smart contract network by restricting&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126022"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126022"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126022\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126022"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}