Ye Zhang, the co-founder of Ethereum layer-2 community Scroll, has pushed again in opposition to requires Ethereum to impose charges on layer-2 networks.
Zhang argued in an in depth social media publish on April 2, that the proposal was dangerous to Ethereum’s long-term imaginative and prescient. He referred to as it a “poisonous” method that prioritizes short-term income over lasting ecosystem worth.
In accordance with Zhang, Ethereum’s power lies not in extracting charges from rollups however in positioning ETH because the central asset throughout a number of Layer-2 (L2) ecosystems. He argued that taxing these networks mirrors company habits and runs counter to the rules of decentralization that Ethereum stands for.
He emphasised that Ethereum’s worth shouldn’t be measured by protocol revenue. As an alternative, the community needs to be thought of an financial basis for a rising rollup-centric ecosystem.
He famous:
“ETH’s actual power isn’t in protocol charges — it’s in turning into the hub asset throughout 1000’s of rollup ecosystems. That’s the longer term.”
Zhang defined that ETH’s benefit is its presence throughout main L2 platforms like Base, Arbitrum, Optimism, zkSync, and Scroll. Even on networks like StarkNet, that don’t use ETH for gasoline, he famous that the digital asset stays a key buying and selling pair on decentralized exchanges.
Ethereum’s future
Contemplating this, Zhang outlined two doable instructions for Ethereum. In a single state of affairs, ETH evolves right into a trusted retailer of worth and a central hub for rollup exercise.
In accordance with Zhang:
“Each aligned L2 expands Ethereum’s floor space and social consensus. A thousand scalable rollups with ETH as the middle > any monolithic chain.”
Alternatively, Ethereum may turn out to be targeted on taxing L2 exercise, which may drive them towards various information availability layers and scale back ETH’s affect within the broader blockchain panorama.
To keep away from this, Zhang urged the neighborhood to concentrate on scaling execution and enhancing information availability infrastructure.
He referred to as for a 1000x enchancment in blob capability and inspired constructing out shared instruments like cross-rollup liquidity bridges and interoperability options.
Zhang concluded:
“ETH wins by being the gravity, not the toll sales space.”
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