Uniswap Founder Hayden Adams Discusses Ethereum's L2 Chain

Bittime - Adams, Uniswap founder and L2 Ethereum developer, emphasizes Ethereum's scalability through security. A discussion of the Ethereum Foundation's plans is covered in this article.

Uniswap Founder Hayden Adams Discusses Ethereum's L2 Chain

Hayden Adams, founder of Uniswap and founder of the Ethereum L2 chain, told Odaily that the L2 chain, which focuses on Ethereum's scalability, should not focus on immutability or maintaining an immutable ledger of transactions until the Ethereum blockchain is complete.

Adams stated, "Ethereum L2 should not be changed. It has been 10 years, and L1 is still not ready for eternity." He also stated that expecting L2 networks to never upgrade or implement large-scale migration again is meaningless.

Ethereum Foundation Announces Scalability Plan

Adam explained that the characteristics of users and applications interacting on the L2 chain will disrupt the composition if someone migrates and someone does not. The Ethereum Foundation previously announced that its scalability plans include L2 chains. Thus, Jonathan Colón, who manages the Rarible ecosystem in the NFT market, described the L2 network as a money grab.

Uniswap Founder Hayden Adams' Answer Regarding L2

Adams answered that the entire plan to expand Ethereum is L2. “we will either make it work or change the roadmap I prefer the former. Labeling them money thieves or advising them not to change will not change this. Construction costs are very high, and L1 has not provided funding for this work.”

Conclusion

Hayden Adams, founder of Uniswap and developer of Ethereum's L2 chain, concluded that prioritizing Ethereum's scalability over the L2 chain should not come at the expense of Ethereum's security or immutability. He stressed that Ethereum L2 should remain unchanged even though Ethereum L1 is still not ready for immutability. Adam challenges the idea that building an L2 network is a way to make money and emphasizes that the roadmap must change to make it work. He also stated that construction costs were very high and L1 funding was still lacking.

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