Solana Co-Founder Proposes Ethereum as Layer-2 Solution for Solana Network

Anatoly Yakovenko, the co-founder of Solana, just lately stated that Ethereum (ETH) might act as a layer-2 (L2) resolution for Solana Community.

He acknowledged sure limitations and potential dangers however nonetheless believed the thought might work. In a collection of tweets, he defined the thought, saying that it’s not as farfetched because it may appear at first look.

Would it not be potential for ethereum to be a @solana L2? Most likely extra probably than you would possibly suppose at first look. L2s are bridge protocols that present a method safety. On this setup, holders of solana property on ethereum would have finality ensures that they will exit again… https://t.co/XE5ETsxGIW

— toly 🇺🇸 (@aeyakovenko) July 2, 2023

“L2s are bridge protocols that present one-way safety. On this setup, holders of Solana property on Ethereum would have finality ensures that they will exit again to Solana even when Ethereum double spends or creates an invalid state transition,” Yakovenko argued.

Solana is likely one of the quickest, most scalable blockchains

In further tweets, Yakovenko shared his view of how such integration might take form. The community’s co-founder steered that technical collaboration is extra probably than one would possibly suppose.

As he stated, Layer-2 options are there to deal with scalability points that blockchains like Ethereum face. Ethereum has been combating excessive transaction charges attributable to congestion for years.

Solana, however, had this difficulty in thoughts, and its builders made the blockchain with the aim of being one of many quickest the crypto trade has ever seen.

It’s identified for low transaction prices and excessive throughput, which guarantees environment friendly lodging of assorted DeFi purposes.

Advantages and dangers

Yakovenko continued by declaring the venture’s scaling options, calling them “bridge protocols that present one-way safety.

Moreover, he argued that Ethereum turning into an L2 resolution for Solana would permit SOL holders on Ethereum to have ensures of having the ability to safely return to Solana. This could be potential even in double spending or invalid state transition circumstances.

Nonetheless, in an effort to make this work, customers must submit all of the Ethereum transactions into Solana. Not solely that however submitting a Simplified Fee Verification (SPV) root would even be required. That is essential to show that consensus was reached amongst ETH validators.

Lastly, the answer would want a bridge timeout mechanism in an effort to discover and tackle all potential faults within the bridge protocol. In response to Yakovenko, faults might embrace invalid rot computation, conflicting SPVs for the foundation, and even censorship.

Contemplating the answer and its implications additional, Solana’s co-founder stated that it might be protected to carry SOL property on Ethereum. Nonetheless, it might not be protected to lend them or preserve positions in opposition to them.

One of many largest dangers that he recognized was the opportunity of an Ethereum fault or a contentious social consensus fork on its community. This could lead to Solana property being separated from the consensus fork, making them nugatory.

It will be protected to carry solana property on ethereum, however not protected to lend them or preserve positions in opposition to them. It is because as soon as there may be an ethereum fault, ethereum state on solana turns into separated from ethereum the social consensus fork. Solana customers can get their…

— toly 🇺🇸 (@aeyakovenko) July 2, 2023

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