Ethereum's disregard for L1 is once again called into question.
Layer 2 security issues call into question Ethereum's commitment to #decentralization .
Amid the ongoing cryptocurrency fiasco, the leading altcoin #BTC [ETH] has repeated the downward trajectory of #BTC [BTC], with its daily and weekly charts turning red.
While one day's decline amounted to a modest 3%, over the past week it has been more significant, with double-digit drops exceeding 16%.
Yet amidst all this volatility, Ethereum's architecture remains on top?
Concerns surrounding the #ETH architecture?
In a recent article, David Hoffman, co-owner of Bankless, emphasized the long-term impact of Bitcoin's block size war on the modern crypto community, stating.
"Much of the debate people have about how cryptocurrencies should be built and what cryptocurrencies should look like can be characterized as the big/small #blockchain size debate.
Interestingly, he added about the current scenario.
Solana is the big blockchain and Ethereum is the small blockchain.
This highlights the current debate where Solana [SOL] favors L1 scalability and seeks immediate and free transactions. Ethereum, on the other hand, focuses on L2 scalability and supports L1 decentralization.
Delving deeper into the concept of block complexity and comparing blockchain with and without virtual machines, Hoffman said.
All blockchains before Ethereum lacked this key element, and instead tried to add functionality in the form of individual opcodes rather than fully expressed virtual machines.
Furthermore, reiterating the importance of finding a balance between scalability and decentralization, Vitalik Buterin stated in his 2019 paper.
"'Simple first layer complements the second' is not a universal answer to the problem of blockchain scalability and functionality.
What else?
In this regard, @RyanSAdams emphasized.
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