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Unchained

Are Layer 2s Failing Ethereum? A New Proposal Advocates for Native L2s - Ep. 736

Nov 19, 2024
Martin Köppelmann, co-founder and CEO of Gnosis, dives into the urgent need for native rollups to fix Ethereum's scalability woes. He critiques current layer 2 solutions, arguing they fall short on security and composability. His bold proposal includes 128 Ethereum-native rollups utilizing zero-knowledge proofs for enhanced privacy and speed. The conversation also tackles potential threats to existing L2s and whether the community is ready to embrace this transformative approach, all while ensuring that these innovations align with Ethereum's core principles.
38:47

Podcast summary created with Snipd AI

Quick takeaways

  • Martin Köppelmann critiques current layer 2 solutions for their limitations in security and composability, advocating for 128 Ethereum-native rollups to enhance scalability.
  • The proposal emphasizes the advantages of zero-knowledge rollups for rapid transaction verification, aiming to minimize delays and improve liquidity across Ethereum and rollups.

Deep dives

The Proposal for Native Rollups

The concept of native rollups involves Ethereum deploying rollups that are fully integrated and synchronized with its core blockchain. This approach seeks to enhance developer experience by eliminating the current issues of loosely connected rollups that act independently, leading to fragmentation of liquidity and trust. For instance, when launching a new rollup today, developers must create their own liquidity pools and replicate the ecosystem, which complicates asset trading and market creation. By adopting native rollups, assets can seamlessly transition between Ethereum and rollups, thus consolidating liquidity and fostering a more cohesive ecosystem.

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