Solana co-founder: Ethereum could potentially become a Layer 2 of Solana
7x24h News
Solana co-founder: Ethereum could potentially become a Layer 2 of Solana
Solana co-founder Anatoly Yakovenko tweeted that Ethereum could become an L2 solution for Solana. He clarified that this does not refer to Ethereum launching its own L2 initiatives, but rather Solana treating Ethereum as a highly scalable blockchain. Yakovenko defined an L2 as a bridging protocol that provides a one-way security mechanism. Typically, L2s leverage the security of a primary L1 blockchain and alleviate congestion on the L1 by processing certain transactions off the main chain. This technology is actively evolving, especially within the Ethereum ecosystem. Yakovenko explored the mechanisms required to treat Ethereum as an L2 for Solana, outlining the conditions and related challenges involved. He believes three conditions must be met for this mechanism to work: 1. Submit all qualifying Ethereum transactions to the Solana blockchain. 2. Provide a Simplified Payment Verification (SPV) path for the resulting state. 3. Implement a timeout mechanism within the bridge protocol to prove failures or errors. While holding Solana assets on Ethereum remains secure, using these assets for lending or as collateral for positions is considered insecure. This mechanism establishes a permissionless bridging protocol. Yakovenko explained that Ethereum does not need to take any specific action to enable it.
Navigating Web3 tides with focused insightsTechFlow news: Solana co-founder Anatoly Yakovenko tweeted that Ethereum could become an L2 solution for Solana. He clarified this does not mean Ethereum launching its own L2 initiative, but rather that Solana could treat Ethereum as a highly scalable blockchain.
Yakovenko defined an L2 as a bridging protocol that provides a one-way security mechanism. Typically, L2s leverage the security of a primary L1 blockchain and alleviate congestion on the L1 by processing certain transactions off the main chain. This technology is actively evolving, especially within the Ethereum ecosystem.
Yakovenko explored the mechanisms required to make Ethereum function as an L2 for Solana, outlining the conditions and related challenges involved.
He believes three conditions must be met for such a mechanism to work:
- Submit all qualifying Ethereum transactions to the Solana blockchain.
- Provide a Simplified Payment Verification (SPV) path for the resulting state.
- Implement a timeout mechanism within the bridge protocol to enable proof of failure or faults.
While holding Solana assets on Ethereum remains secure, using these assets for lending or as collateral for positions is considered insecure.
This mechanism establishes a permissionless bridging protocol. Yakovenko explained that Ethereum would not need to take any special action to enable it.
