Polygon Labs CEO criticizes “L3 networks” that take away value and security from Ethereum, stating that the company has no plans to work on its own L3 network.
Since its launch last week, Degen Chain has attracted many speculators. Degen Chain is built using Arbitrum Orbit and haslaunchBy Infrastructure Provider Syndicate on March 28, it is a special low-cost network for the Degen token ($DEGEN), which has become a token for users of the Farcaster Web3 social media service. As Farcaster works on Base is an Ethereum Layer 2 network, so Degen Chain is a Layer 3 or L3 network.
Early Degen users turned their small collections into profits, withTraderOne invested less than $7,000 in the token. Earned more than $2 million in profits.
However, not everyone supports the enthusiasm surrounding L3 networks like Degen Chain, with Polygon Labs CEO Marc Boiron expressing dissatisfaction with the focus on L3 inPoston This is why Polygon Labs is not available on L3.”
Boiron argued that the L3 network saps security and value from Ethereum. “If all L3 were focused on a single L2, then Ethereum would have no value and therefore the security of Ethereum would be at risk,” Boiron wrote.Post Another X
Polygon Labs is best known for its wide range of Ethereum Layer 2 scaling solutions, including the Polygon Network and Polygon zkEVM, among other services.
refer : theblock.co
picture bloomberg.com
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