👉👉👉 Only a few’ #Ethereum L2s will survive the next 5 years: Manta co-founder

Manta's Kenny Li asserts that only #blockchains adopting a "modular" approach have a chance of longevity, but critics dismiss the debate as merely a marketing tactic. According to Li, out of the 44 active Ethereum #Layer2 (L2) blockchains, only a select few, such as Manta, Celestia, and Cosmos, are poised for sustained success.

Despite the current 44 active Ethereum L2 networks boasting a combined total value locked (TVL) of $36.92 billion, with Arbitrum leading with $14.5 billion TVL, Li believes that the future favors "modular" blockchains. However, critics argue that terms like "modular" are merely marketing ploys, with success depending more on other factors unrelated to a blockchain's development and scalability approach.

Li compares the influx of new L2s on the Ethereum network to past forks of Bitcoin and Ethereum, none of which survived in the long run. He highlights how forks like Bitcoin Cash and Ethereum's competitors like EOS and NEO attempted to position themselves as superior alternatives but ultimately failed due to their monolithic approach.

Modular blockchains delegate tasks to external chains for flexibility, unlike monolithic blockchains. Austin Federa of the Solana Foundation sees the debate as merely a marketing tactic.

Federa argues that the distinction between modular and monolithic blockchains is artificial and not particularly useful or accurate. He explains that both approaches are merely different software architecture choices and do not significantly impact a network's success or outcomes.

Li advocates for Manta's modular approach using Optimism's OP stack and Celestia for data availability, positioning it as significant in Ethereum L2. Federa, however, sees no need for such distinctions, stating both approaches contribute to the blockchain ecosystem.

Source - cointelegraph.com

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