Ethereum’s popularity has congested the network like never before, and scalability is top of mind. Historically, and still today, many look beyond Ethereum for more scalable smart contract platforms. However, the most interesting scaling battles are being waged above Ethereum on Layer 2s (L2), not besides Ethereum on Layer 1s.
One specific flavor of Ethereum L2 scaling solutions, Zk-rollups, are live and flourishing today (rollups bundle transfers into single transactions). So much so that many leading community members support simplifying Ethereum’s Eth2 upgrade to focus on a rollup-scaled ecosystem. With this in mind, the new competitive arena is between Ethereum-enhancers, not Ethereum-killers.
Matthew Finestone leads business operations at Loopring, an Ethereum Zk-rollup protocol for scalable trading and payments. CoinDesk’s invest: ethereum economy event begins Oct. 14.
This is not to say Ethereum killers have all failed. Depending on how you define failure, some are wonderful successes: they raised funds at astronomical valuations,