The Chief Executive Officer (CEO) of Polygon Labs Marc Boiron, has expressed a negative sentiment towards layer 3 (L3) networks, arguing the necessity and implications of the solutions for scaling Ethereum – the second largest cryptocurrency asset.
Polygon CEO Claims Layer 3 Devalues Ethereum
In a heated conversation on the X platform, Marc Boiron claimed that these layer 3 networks pose a potential risk to the value of Ethereum. The Polygon CEO asserted that the major purpose of L3s is to devalue ETH and the layer 2s that serve as the foundation for layer 3s.
As a result, Boiron believes that layer 3 is not required to scale Ethereum. Since L3 networks are not required to scale current networks, Boiton has declared that Polygon Labs will not operate on the networks.
L2 solutions reduce network congestion through the diversion of transactions from the main chain. Additionally, they provide reliable benefits by transmitting the transactions to the main chain.
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