CDS Crypto News Polygon CEO Boiron Says L3s Only Exist to Devalue Ethereum
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Polygon CEO Boiron Says L3s Only Exist to Devalue Ethereum

Polygon CEO Boiron further fueled the debate with his statements.

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Polygon CEO Boiron Says L3s Only Exist to Devalue Ethereum

Crypto News – After asserting that layer-3 networks are unnecessary to scale Ethereum and exist merely to deprive the mainnet of value, Polygon CEO Marc Boiron heated up the discussion on X over the weekend.

L3s exist only to take value away from Ethereum and onto the L2s on which the L3s are built,

Boiron

Polygon CEO Boiron Says L3s Only Exist to Devalue Ethereum

Boiron’s remarks were met with opposition, nevertheless. The remark made by a commenter on Ethereum that layer-2s “ARE value on Ethereum” was partially acknowledged by Boiron.

I disagree that L2 value is Ethereum value. Just take this to the extreme. If all L3s settled to one L2, then Ethereum would capture basically no value and, thus, Ethereum security would be at risk. Also, we don’t care what people do. They can build L3s on anything, including Polygon networks. We just aren’t trying to suck all value onto Polygon networks instead of sharing with Ethereum its fair share.

Boiron

Boiron’s Opinion Disagrees as Well as Agrees

In addition, Boiron stated that Polygon’s goal was to use the Ethereum Virtual Machine‘s parallelization and anonymity to scale Ethereum before anybody else did when the necessary technology was available. “L3s are inconsistent with that mission,” he contended. Patrick McCorry, a researcher with the Arbitrum Foundation, expressed amazement at Boiron’s perspective, however.

Mert Mumtaz, the CEO of Helus Labs, seemed to concur with Marc Boiron on March 31 in a different post on X, saying that L3s are essentially centralized servers that settle on other centralized servers (L2s) that are managed by multisigs.

Polygon CEO Boiron Says L3s Only Exist to Devalue Ethereum
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lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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