“There is no reason to build an L2. L1 can be faster, cheaper and safer.”
That was the response of the Solana co -founder, Anatoly Yakovenko, after X, the @Ripdoteth user said that the two -year -old layers can be faster, cheaper and safer, and are only being slowed down by the networks of the layer.
“They do not slow down a pile of glacial movement L1 data, or have to compromise security with complex fraud tests and update multiple ISI.”
Anatoly Yakovenko, Cofunder, Solana
The difference between L1s and L2s
Capa Uno (L1) networks are typically called the main block chains. Technically, an L1 is the base level of each block chain.
The best known L1 include Bitcoin, Ethereum, Solana, Litecoin and Binance Smart Chain.
Most L1 face scalability problems: they cannot handle large transaction volumes. That is why two two (L2) networks developed.
L2 are designed as a scale solution in addition to an L1 to improve the speed and efficiency of the latter. Essentially, transactions are processed in third -party networks, these L2S, instead of in L1. This reduces congestion in the main network, resulting in shorter processing times and lower rates.
Some of the best known L2 include base, referee and optimism for Ethereum, batteries and netcoin networks.
The notion that L1 have scalability problems were challenged in 2017, when Solana was launched as an open source block chain built by Solana Labs and directed by the Solana Foundation. It was designed to accommodate decentralized applications in the Web3 ecosystem.
According to the InvestEpedia online publication, Solana is significantly faster in terms of the number of transactions that can be processing and has much lower transaction rates than rival block chains such as Ethereum.
This is largely due to the Solana History Testing mechanism (POH). Introduced by Yakovenko, POH is described as a technique to maintain time between computers that do not trust each other.
Counter -rule to Yakvenko’s statement
Claim #1: What happens when the amount of data we want to store in blockchains grows exponentially? What are the limits of keeping everything in a single block chain?
Yakovenko replied that even if 8 billion global users made three transactions per day, Solana would still have enough performance. Performance refers to the ability of a network to process transactions at a given time.
Claim #2: L1 cannot climb to accommodate 8 billion global users. L2S are needed no matter what chain you see to lead the way.
According to Yakovenko, even if the 8 billion global users will have three transactions per day, there will still be enough yield in Solana. A performance is the ability of a network to process transactions at a given time.
How Solana is working on her scalability
In May 2024, Yakovenko shared through a X Article That Solana was adding a million new accounts per day, with the network with a total of 500 million accounts at that time.
He admitted that the size of the snapshot in the POH Network was 70 gigabytes, but said it was manageable since the team continued to improve solana hardware. In Blockchain, a snapshot refers to registering the network hardware status at a specific time.
“The objective of the SVM execution time is to provide the cheapest way to access the hardware, and ensure that the State and memory should be administered within the current hardware limitations.”
Anatoly Yakovenko, Cofunder, Solana
He proposed initiatives to reduce snapshot sizes and improve transaction processing without sacrificing performance. These include three “terrible names”: cold, avocado and less stupid rental (LSR).
- Chilly will serve as a execution time cache that manages accounts that are frequently accessed to improve the efficiency of the transaction.
- The avocado will address the compression of the state and the index replacing the account data stored with hashes and migrating the account index to a binary structure of Trie.
- LSR, officially known as simple light rental, will reintroduce the rent, a price model to assign new accounts and ensure that abandoned accounts are finally compressed, reducing the system load and costs for new users.
“The terrible names are usually an indicator of a great software design. The engineers of Anza and Dordancer were locked in a room until they could solve these problems and have created the following.”
Anatoly Yakovenko, Cofunder, Solana
This article is published in Bitpins: Anatoly Yakovenko de Solana says that there is no need for L2S: “L1 can be faster, cheaper and safer”
What else is happening in Crypto Philippines and beyond?
