Opinion: Jay Jog, co -founder of Sei Labs
When Cryptokitties broke the Ethereum network in 2017, the industry learned a challenging lesson on blockchain scalability. Today, with over 100 billion dollars enclosed in decentralized finances (DEFs) and millions of non -financed tokens (NFT), the lesson is more vital than ever. Ethereum virtual machine (EVM) – a engine that drives this activity – reaches its limits.
So far, the response of the cryptographic community was layer solutions 2 – separate chains that process transactions and report back to Ethereum. But what if the community was looking for answers in the wrong place?
Layer 2 is not a solution
Layers 2 blockchains have long been advertised as a solution to the challenges related to EVM performance, taking into account their ability to relieve computational work from Ethereum to the secondary chain. Layer 2 solutions turned out to be nothing more than a “quick repair” instead of a lasting solution, which was counting. As reported by Gemini, the novel layer 2 appeared every 19 days in 2024, which indicates that the competitive landscape creates more problems instead of solving them.
Layer 2 solutions have their own challenges, primarily related to centralization and interoperability. Many of today’s layers 2 blocks operate with centralized sequencers that can expose the transaction censorship network, change of transaction order and many others. In addition, Vitalik Buterin stated in the last post on the blog that the 2S layer is trying to maintain interoperability. This drew attention to the unorganized condition of layer 2, additionally contributing to the fragmentation of liquidity and the intricate sensation of the user.
Last: L2 Game activity increases in February, but wallets are falling – report
Advanced Rolp designs tried to fix these pain points. Recently, a novel project called Native Rollups has appeared, which is trying to solve the centralization problems of layer 2. Native rollups receive value from projects that will significantly stop the party. Therefore, it is doubtful that native plugins are a response to all urgent Ethereum problems.
On the back of the challenges like EVM himself, why rely on layer 2 instead of looking elsewhere? Could there be a better solution? According to L2beat it costs it USD 95.53 million Every year to start all the main L2. Instead of spending more money on building and starting more L2S solutions and interoperability, why not focus on improving the existing fundamental layer?
A more detailed alternative to TPS
To create the most working layer 1, the industry must first assess the approach to tracking blockchain performance. Most blockchains focus on bandwidth, using transactions per second (TPS) to compare the chain performance. While many claim that achieving the most vital transactions per second is a way to allow the mainstrators to be adopted, TPS, unfortunately, does not allow apple comparison to the application, because different types of transactions require different amounts of calculations.
For example, Ether’s transfer (ETH) requires 21,000 gas units, while the ERC-20 transfer needs 65,000, confirming that TPS transfers zero value when tracking mass transactions and network capacity.
A novel standardized performance record should be developed, which better reflects the ability to calculate the network to understand the full potential of blockchain. This is where an alternative performance indicator called “Gas per second” appears – a measure assessing gas fees required to process transactions, better reflecting various types of transactions. While TPS is best used to assess elementary ETH transfers, gas for a second shows a wider picture, taking into account all computing efforts, even in the case of intricate transactions.
Given the novelty of this record, gas measurement per second in all chains will be a long process, but a key step in blockchain’s evolution.
Returning to the basics: layer 1S
The capacity of layer 1S was historically overlooked, because many Ethereum researchers focused on the rolled up road map. As the spine of the entire cryptographic ecosystem, the 1S layer is the key to scaling EVM. To solve the challenge of EVM scalability, the 1S layer must begin to rebuild EVM from scratch with the creation of performance above all.
EVM is in the face of grave network congestion and high gas prices as the volume increases. The time has come for a layer of 1S scale on board a novel generation of users. Approaches such as parallelism will aid improve bandwidth and in combination with the transformation of the consensus mechanism and EVM storage solutions will establish a novel standard of performance for the industry and establish a more environmentally genial environment for projects.
Proper EVM scaling solution
Over the past few years, the 2S layer has been presented as a response to ensuring the cheapest and fastest way to make transactions. Layer 2 is not what EVM really needs. From the first day, layer 1 has always been a real solution to the EVM scalability problem.
Time to be open to adopting more correct performance indicators and redirecting attention to improving network performance. These changes pave the EVM path to achieve the highest potential, introducing levels of scalability and performance never before. EVM will remain, but its future depends on the industry to build.
Opinion: Jay Jog, co -founder of Sei Labs.
This article is used for general information purposes and should not be and should not be treated as legal or investment advice. The views, thoughts and opinions expressed here are themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.
