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Are Solana's 'Network Extensions' Just Like Ethereum's Layer 2s But by a Different Name? - Unchained

unchainedcrypto.com · 1,320 words · saved by 1 readers

Solana community members are calling “L2-ish things on Solana” “network extensions,” igniting controversy among Ethereum supporters. Solana community members have long criticized Ethereum’s modular approach in using layer 2 networks to enable more transactions, arguing these L2s come at the expense of Ethereum itself. However, this past week, those in the Solana camp seem to be gearing up to embrace modularity—even if they won’t use the same terminology. After long having mocked Ethereum’s modular structure, in which scaling of the blockchain occurs by delegating some functions to other chains that connect to the original one, some Solana community members have opted to call L2 technologies on Solana “network extensions,” igniting controversy and derision, especially among Ethereum proponents. On Monday, Solana’s co-founder Anatoly Yakovenko said on X that “[L2s] are parasitic when they take more priority [transactions] from the base layer than they add.” On the same day, Kyle Samani,

Are Solana's 'Network Extensions' Just Like Ethereum's Layer 2s But by a Different Name? - Unchained Sponsored by Are Solana’s ‘Network Extensions’ Just Like Ethereum’s Layer 2s But by a Different Name? Solana community members are calling “L2-ish things on Solana” “network extensions,” igniting controversy among Ethereum supporters. As a result of its L2s, Ethereum’s base layer has seen its fees and market share of total trading volume on decentralized exchanges drop. (Shutterstock) Sage D. Young Posted September 3, 2024 at 7:18 pm EST. Solana commu

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