• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Join Lightchain AI
No Result
View All Result
👆 BUY LIGHTCHAIN HERE 👆
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ripple Takes The Lead In Circle Acquisition Battle, Bidding Between $9-11 Billion
👆 BUY LIGHTCHAIN HERE 👆
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ripple Takes The Lead In Circle Acquisition Battle, Bidding Between $9-11 Billion
Polygon

Polygon CEO Debunks Layer 3 Networks, Contends Scaling Can Be Achieved Without Them

Godspower Owie
by Godspower Owie
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Chief Executive Officer (CEO) of Polygon Labs Marc Boiron, has expressed a negative sentiment towards layer 3 (L3) networks, arguing the necessity and implications of the solutions for scaling Ethereum – the second largest cryptocurrency asset.

Polygon CEO Claims Layer 3 Devalues Ethereum

In a heated conversation on the X platform, Marc Boiron claimed that these layer 3 networks pose a potential risk to the value of Ethereum. The Polygon CEO asserted that the major purpose of  L3s is to devalue ETH and the layer 2s that serve as the foundation for layer 3s.

As a result, Boiron believes that layer 3 is not required to scale Ethereum. Since L3 networks are not required to scale current networks, Boiton has declared that Polygon Labs will not operate on the networks.

Related Reading: Layer-3 Networks Rise To The Challenge Of Liquidity Fragmentation

L2 solutions reduce network congestion through the diversion of transactions from the main chain. Additionally, they provide reliable benefits by transmitting the transactions to the main chain.

On the other hand, L3s can guarantee cross-chain connections between several protocols. Effectively, they might also support layer-1 and layer-2 network communication.

The Polygon’s CEO claims appear to have attracted much criticism from the crypto community. A pseudonymous X user disagreed with Boiron, saying that there is no such thing as taking away value from the asset and onto the L2s, as L2s on ETH are value Ethereum.

While Boiron agreed with the user that L2s are Ethereum, he disagrees with the notion that L2 value is ETH value. According to the Polygon CEO, ETH will essentially gain no value if all the L3s settle to a single layer 2. Consequently, the security of Ethereum will be compromised and will be vulnerable.

He then emphasized the possible dangers and consequences of these L3s devaluing the cryptocurrency excessively. “If Ethereum earns no fees and has no prospect of earning fees other than a tiny amount of fees from this one L2, then the value of ETH will drop,” he stated.

Given that it has no economic future, he believes it is obvious that it will keep falling; therefore, both the willingness to hold ETH and to protect its network will fade among validators.

Benefits Of Layer 3 Solutions

The Polygon CEO’s insights suggest that layer 3 networks do not provide any major benefits to the cryptocurrency landscape. However, Peter Haymond, one of the community members in charge of creating Ethereum‘s scaling solutions, has spotlighted several benefits of L3 solutions.

Related Reading: Ethereum Layer-2 Scene Booming, Base Cumulative Revenue Exceeds $10 Million

According to Haymond, these networks do not devalue ETH in any way, while drawing attention to Potuz’s post highlighting some of the advantages of L3s. These include the low cost of native bridging from L2 as opposed to L1, the minimal cost of a challenge game or proving on the chain by playing the game in L2 rather than L1, custom gas tokens, and others.

Polygon
MATIC trading at $0.9655 on the 1D chart | Source: MATICUSDT on Tradingview.com
Featured image from NewsBTC, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Godspower Owie

Godspower Owie

Follow

Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

Full Profile

Related Posts

Bitcoin Could Surpass $108,000 ATH This Month. Best Meme Coins like BTC Bull Token Next to Surge?

Bitcoin Could Surpass $108,000 ATH This Month. Best Meme Coins like BTC Bull Token Next to Surge?

8 hours ago
Best Presales Right Now as $PEPE, $WIF, $BONK Sales Jump in Widely Anticipated Bull Market

Best Presales to Buy as $PEPE, $WIF & $BONK Sales Jump in Widely Anticipated Bull Market

11 hours ago
Telegram's $TON, Best Altcoins Rally After Pavel Durov's Statement on Alleged Romanian Election Interference

Telegram’s $TON, Best Altcoins Rally After Pavel Durov’s Statement on Alleged Romanian Election Interference

13 hours ago
Crypto

$15 Million Crypto Laundering Ring Crushed In Hong Kong’s Latest Financial Sting

1 day ago
Move Over Cardano: 3 Explosive New Crypto Picks

Move Over Cardano: 3 Explosive New Crypto Picks

1 day ago
Bitcoin Eyes $120K as BTC Bull Token Presale Heats Up

Bitcoin Eyes $120K as BTC Bull Token Presale Heats Up

1 day ago

Premium Sponsors

Press Releases

  • XRP Futures Launch on CME — How to Make $11,777 a Day

    2 hours ago
  • RichMiner

    $68,400 in 10 Days? RichMiner Cloud Mining Will Bring Huge...

    4 hours ago
  • Make it easy for the average person to earn $9,140 per day...

    6 hours ago
  • Bitcoin breaks through $100,000. How to achieve a daily...

    6 hours ago
  • MANTRA and WIN Investments Join Forces to Bring Real-World...

    7 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Join Lightchain AI

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.