Ethereum Developers: L2 and ETH are interdependent. Next year will be an important year for the L2 vs L1 tournament chain.

Note: On December 29, Ethereum developer Ryan Berckmans announced some of his thoughts on Ethereum L2, and here is the compilation:

Some thoughts on Ethereum L2

Are L2 and ETH tokens good? Yes

Will L2 bring higher price and value for ETH? Yes

Is there an urgent need for L2 to release tokens and research other L1 style developments? Yes

Is this an important year for the L2 vs L1 racing chain?

There have been recent statements that make people doubt that L2 and L2 tokens can interact with ETH. However, I think the answer is very good and I will explore this question with some controversy.

For example, one argument is that L2 and ETH tokens will compete at zero sum. I don't agree with that. In my opinion, L2 and ETH tokens are good. L2 tokens can control the cost of L2 network issues, reliability, etc., and you can pay ETH at that cost. It's a win-win situation.

L2 is another way of saying that L2 won't pay a high price for ETH in the end, because by packing more L2 txns you will only have to pay a small ETH price for small fuel. I think this is also wrong. L2 will bring higher price and value for ETH for the following reasons:

Once L2 is successfully completed on ETH, L2 will receive trust from L1 and L2 including apps, tokens, and revenue. With the development of eth, these bridges were integrated into an asset network, allowing any L2 access to other L2 or L1 assets in an unreliable manner.

Any increase in L2 in the heritage network increases the total cost of fuel. Because development contributes to applications, tokens and enterprise sharing, and these networks are not as reliable and programmable as Ethereum ...

As ethical assets increase, the average cost of each user increases and their willingness to pay for blockchain increases as well. In addition, given the stable supply of L1 block space, fuel prices increase overall costs.

The fact that bridges are "amazing" in the eth tools network is crucial. With the unreliable bridge between the two old L2s, the assets of the priority bridge are as powerful as the ETH in the L1 wallet. On the other hand, the connector to L1 is multi-signed.

So what about the above statement that L2 only pays a direct price for high volume business? If StarkNet could run 80,000 businesses with affordable, flat ETH, would ETH be good or bad?

This is incredibly good for ETH, as StarkNet charges a higher price per unit of fuel and as StarkNet grows, its involvement in the ETH asset network increases as well. The development of eth would force another 100 StarkNets to regroup, so the total cost of fuel would be huge.

In short, it looks like the L2 ecosystem will be more efficient and help improve Ethereum, including more value for L2 tokens and ETH.

Since I am very excited about the ETH and L2 ecosystem, I also want to talk about the growing challenges we will face in the years to come.

Ethereum today doesn't appear to have had much success in terms of user development and has been on hold (temporarily). Large consumer groups have come together in cheaper and medium L1s, and through the efforts of some industry development groups, some companies / governments have been created by others.

In my opinion, beyond the integration in Q2, the most important point for eth to achieve next year is whether an L2 can achieve huge market share. But how to achieve this goal? To answer these questions, I want to look at the question "What is L2?" "

What is L2? From a user's perspective, L2 is just a public channel and has the downside of being more innovative than ALT L1, but it has top-notch ethical rights, cheap Opex, supported by the Ethereum community, and access to the Benefits of the Ethereum Trusted Bridge Asset Network.

In my opinion, it is more realistic to view the L1 and L2 industry as a public channel industry. Therefore, we believe that Ethereum's L2 should quickly decide to explore good development strategies for Alt L1, including the possibility of announcing the token as soon as possible.

By the end of 2022, we're excited that L2 is releasing tokens, running promotions, and attracting new customers and groups. We look forward to seeing the Ethereum Trusted Assets network mature and become a product of the new public chain.

In this regard, some Twitter users said:

Will the downsides of eth (Stark blockchain) outweigh the pros (Stark pays a higher price per gallon of fuel)? Assuming the quality depends on adding L2, do you think L2 is more valuable than eth?

Ryan Berckmans replied:

I don't know if Starknet or L2 can cause eth loss by paying "low" fuel costs. For example, if all modern ethics suddenly stopped using gas (0 gas), it would put more oil on other consumers and the total income would be insufficient.

I think you are right. The maximum value of ETH on L2 increases. If L2 is too strong, we think it's not good for us. The power is well balanced and the balance between Arb, Optimism, zkSync and StarkNet seems to be the best.