JOE Lubin, co-founder of Ether Lee, discussed the future of the Smart Contract Network at Digital Asset Summit and said that Lainer-2 (L2) Scaling Network would be the center of the Ethereum ecosystem.
In an exclusive interview with Turner Wright in Cointelewraph, Lubin said that the application would need a next -generation database that runs with high -through -hand blockchain technology. Ether Leeum co -founder added:
“Ether Leeum ecosystem is so big and mature that it would be best to establish a store with 2S of Ether Leeum in a new type of database (new type of layer 2 network). We have a great characteristics of linea.”
Lubin said, “Another good application or Great Layer 2 is coming to mind.
Ether Lee’s co -founder concluded that the latest layer -1 chain will have a hard time competing with Ether Leeum network, which is already characterized by strong architecture and security guarantee.
Joe Lubin speaks in Digital Asset Summit. source: Digital Asset Summit
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Investors have questions about the Layer-2 approach.
According to the L2Beat, there are currently over 140 unique scaling solutions for Ethereum, including 60 roll -up networks.
Investors have criticized Ether Leeum’s tier -2 network as parasitic factors that contribute to the minimum economic value to the basic layer and emit a layer -1 sales network.
Ether Lee’s average gas fee has decreased 95% since the March 2024 Dencun Upgrade, significantly lowering the trading fee for Layer-2 networks.
The decline in transaction fees collapsed 99% of the Ether Leeum base class by September 2024.
Dencun Upgrade Ether Leeum Layer -1 Flat Line Network rate. source: Thai Terminal
Since then, the price of Ether (ETH) has generally declined, and on March 11, it has recently plunged to about $ 1,759, and many analysts have predicted additional prices in 2025.
According to the data from the FARSIDE Investors, the outflow of the ETER Exchange Trade Fund (ETF) continued for 11 days in a more consecutive recession in the encryption market.
The most important leaked day occurred when investors pulled $ 73.6 million from ETF to a group of $ 73.6 million when they had drawn risk assets for less volatile alternatives, such as cash, government securities and dollars.
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