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Uniswap founder: Ethereum L2 shouldn’t focus on immutability until L1 is ready
2024-06-10 03:04
Odaily News Hayden Adams, founder of Uniswap, said in a post on X platform yesterday that L2 chains focused on Ethereum expansion should not focus on immutability (the ability to retain an unchanged and unchangeable transaction ledger) until the Ethereum blockchain is ready. Adams said: "Ethereum L2 should not be immutable. It's been 10 years, and L1 is not ready to be immutable." He added that it is "meaningless" to expect the L2 network to "never upgrade again or force large-scale migration." He explained: "If some migrate and some don't, the nature of users and applications connecting to each other on the L2 chain will destroy composability." The Ethereum Foundation has said that the L2 chain is its expansion plan, and Jonathan Colón, head of the ecosystem at the NFT market Rarible, called the L2 network a "money grab." Adams responded: “The whole plan to scale Ethereum is ‘L2’ and we either make them work or change the roadmap (I’m leaning towards the former). Calling them money grabs (or) saying they need to be immutable doesn’t change that. They’re expensive to build and L1 doesn’t fund the work.”