Polkadot Ambassador Slams Ethereum’s ’Struggle’ as Rival Chains Gain Ground
Ethereum’s scaling woes aren’t news—but Polkadot’s Max Rebol just poured gasoline on the fire. ’The smart contract pioneer’s been limping while next-gen blockchains eat its lunch,’ he tells us, in what might be the most diplomatic ’I told you so’ in crypto history.
Rebol’s jab lands as DOT’s interoperability play lures devs frustrated with gas fees. Meanwhile, ETH maximalists still swear layer-2 band-aids will fix everything. Funny how ’future-proof’ tech always needs so many patches.
One thing’s clear: the ’flippening’ talk is back. And this time, it’s not just Bitcoin in the crosshairs.
The Free Rider Problem on Ethereum
Rebol is most critical of ethereum because of what he calls theHe believes that Layer 2 solutions are using Ethereum’s security without giving enough back to the network.
According to Rebol, all these L2s on Ethereum are basically getting a free ride. In simple words they use the security of Ethereum’s crypto economy, but they do not pay the fees on the main chain. It’s not a business model that will last over time.
Due to this economic mismatch, Ethereum needs LAYER 2 solutions to become more scalable, yet those solutions take away transactions from the main network and thus reduce Ethereum’s income. Besides this, Rebol also talked about the disagreements among leaders within the Ethereum organization.
The experienced investor points out that the recent bear market saw his Polkadot-focused fund achieve 3x returns, and now he believes that these economic pressures have led to noticeable disagreements among Ethereum’s leaders. Different leaders in the community often clashed, and Rebol thinks that issue is still ongoing. That is the main reason Ether has faced so many difficulties lately.
Rebol points out that Ethereum’s Layer 2 approach was mostly created as a quick fix rather than by careful design. According to him, Ethereum turned to L2s as a quick solution because the main chain was overloaded with transactions.
He pointed out that Ethereum’s approach to scaling was doomed from the start and has only caused more issues than it resolved. According to him, Ethereum’s problems are not caused by short-term market changes, but by more serious issues that will be tough to fix unless the network’s economic model is changed.
Also Read: Ethereum Validators Hint at Doubling Gas Limit to 60 Million Units