Chainfeeds Guide:
Ethereum is a neutral verification layer, but the Ethereum mainnet has not been fairly compensated for its work. Chinese version compiled and published by Jinse Finance.
Article Source:
https://www.jinse.cn/blockchain/3713663.html
Article Author:
Cointelegraph
Perspective:
Cointelegraph: Some Ethereum researchers, podcasters, and even L2 chain developers tend to view "rollup-based" as a more sustainable solution to address fee issues and provide better security. In this scenario, transaction ordering will be completed on the mainnet, not on L2 chains. Some researchers suggest that the sequencers used by Optimism, Arbitrum One, Base, and others are more vulnerable to attacks or failures because they are centralized and have single points of failure. Jarrod Ward from Polygon wrote: If a centralized sequencer fails, the rollup will essentially stop working completely. It will cease processing transactions from L2 chain users and stop sending batch data back to Ethereum. Last year, several rollup-based L2 projects went live. Taiko Alethia, the first and largest project, will launch in May 2024. A year later, its total guaranteed value reached $148.3 million, ranking 14th on the L2Beat L2 project list, but far below the leader Base's $12.06 billion. Another idea in the Ethereum community is to tax L2. However, Ved suggests that doing so could bring some unintended consequences. This might reduce the competitiveness of L2. It could also lead to "activity leaking to Layer 1 competitors outside the Ethereum ecosystem". Ved states that the current activity flowing to Base might shift to Solana or other Layer 1. Taxing Ethereum's L2 might also involve some philosophical issues. Ved points out that taxation could contradict Ethereum's decentralization philosophy, which tends to be market-driven rather than forced taxation. Ved explains that overall, the Ethereum Foundation seems to prioritize long-term growth over short-term revenue. However, proposals like EIP-7762, which would increase the minimum blob base fee to speed up price discovery during demand surges, could bring more fee income to the Ethereum mainnet, creating an effect similar to taxation. According to Beck from ENS Labs, some social pressure might be needed to encourage leading centralized Layer-2 platforms to voluntarily give up their sequencing fees. Other Layer-2 platforms like Linea might need to intervene and make statements about centralized Layer-2 platforms, saying: "Look, these risks exist in more centralized designs, and now is the time to integrate [order processing] into a more decentralized Ethereum." To this end, ENS attended a three-day workshop in the UK in January, with top researchers and developers from entities like Linea, Status, OpenZeppelin, Titan, Spire Labs, and the Ethereum Foundation. The immediate priority is how to create scalable decentralized infrastructure for ENS Labs' Namechain and how to gather teams from the Ethereum ecosystem to collectively address interoperability challenges between Layer-1 and rollup-based systems.
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