Ye Zhang, co-founder of Ethereum Layer-2 Community Scroll, opposed Ethereum's name to cost a price on the Layer 2 community.
In an in depth social media submit on April 2, Chang argued that the proposal was detrimental to Ethereum's long-term imaginative and prescient. He referred to as it a “poisonous” strategy that prioritizes short-term income over sustainable ecosystem worth.
In line with Zhang, Ethereum's power isn’t in dividing charges from rollups, however in positioning ETH as a core asset within the a number of layer 2 (L2) ecosystem. He argued that taxing these networks displays company conduct and violated the rules of decentralization, which Ethereum represents.
He emphasised that Ethereum's worth shouldn’t be measured by protocol income. As a substitute, networks must be seen because the financial basis of a rising roll-up-centered ecosystem.
He identified:
“The true power of ETH isn’t the protocol price. It's changing into a hub asset throughout hundreds of roll-up ecosystems. That's the longer term.”
Zhang defined that some great benefits of ETH are throughout main L2 platforms resembling Base, Arbitrum, Optimism, Zksync, and Scroll. He mentioned that even networks like StarkNet don’t use ETH for gasoline, so digital belongings stay necessary buying and selling pairs on decentralized exchanges.
The Way forward for Ethereum
With this in thoughts, Chan outlined two potential instructions for Ethereum. In a single situation, ETH evolves right into a central hub of trusted shops and rollup actions for worth.
In line with Chan:
“All of the aligned L2s increase the floor space and social consensus of Ethereum. 1000 scalable rollups with ETH as the middle> any monolithic chain.”
In the meantime, Ethereum can deal with taxing L2 actions, driving them in the direction of the supply layer of different information, lowering the affect of ETH within the broader blockchain state of affairs.
To keep away from this, Zhang urged the group to deal with scaling their execution and enhancing their information availability infrastructure.
He sought 1000 occasions the advance in BLOB capability and inspired the creation of shared instruments resembling cross-rollup liquidity bridges and interoperability options.
Chan concluded:
“ETH wins by gravity somewhat than toll plaza.”
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