- Ethereum co-founder Vitalik Buterin believes that layer 3 will be essential sooner or later, and shares three visions of its use instances.
- It might play an enormous function in referencing privacy-based functions which might make use of zk proofs to submit privateness.
Ethereum co-founder Vitalik Buterin has in a current put up noticed that the idea of layer 3 is normally within the layer 2 scaling discussions. In temporary, Buterin acknowledged that the layer 2 answer is rather more centered on hyper-scale within the community. However, layer 3 would offer custom-made performance. According to him, consideration for layer 3 is essential as a result of it performs totally different features from layer 2.
A 3-layer scaling structure that consists of stacking the identical scaling scheme on prime of itself typically doesn’t work effectively. Rollups on prime of rollups, the place the 2 layers of rollups use the identical know-how, actually don’t. A 3-layer structure the place the second layer and third layer have totally different functions, nonetheless, can work.
Buterin believes that layer 3 could be essential sooner or later, sharing three visions of its use instances. It might play an enormous function in referencing privacy-based functions which might make use of zk proofs to submit privateness. This he described as “Customized Functionality.”
In addition, custom-made scaling for specialised functions that don’t wish to make use of Ethereum Virtual Machine (EVM) for computation could be one other use-case of layer 3 sooner or later. It is also used for a zk-proof know-how, a “weakly-trusted” scaling by way of Validiums. According to him, they could be necessary for “enterprise blockchain” functions. This is by utilizing “a centralized server that runs a validium prover and regularly commits hashes to chain.”
Cross-chain transactions might be simply executed between two layer 2s – Ethereum co-founder
Regardless, it’s unclear whether or not the layer 3 construction could be extra environment friendly than the layer 2 fashions.
One attainable argument for the three-layer mannequin over the two-layer mannequin is: a three-layer mannequin permits a whole sub-ecosystem to exist inside a single rollup, which permits cross-domain operations inside that ecosystem to occur very cheaply, without having to undergo the costly layer 1.
Buterin additionally talked about that cross-chain transactions might be simply and cheaply executed between two layer 2s dedicated to the identical chain. However, creating layer 3s might not essentially make the community extra environment friendly. It is necessary to notice that StarkWare’s newly produced recursive validity proofs are not any extra involved in regards to the Ethereum scalability. Declan Fox, the product supervisor at Ethereum software program agency ConsenSys additionally believes that it’s theoretically attainable to infinitely scale with recursive roll-ups and proofs.
StarkWare co-founder Eli-Ben Sasson has disclosed that 600,000 Non-Fungible Tokens (NFTs) mint in a single transaction on Immutable X have been rolled up by its recursive proofs.
The implementation is predicted to extend demand for ETH to overpower the promoting strain available in the market. This, coupled with its main improve, the asset might preserve a worth level of round $4,000 by the top of the yr.