Ethereum co-founder Joe Lubin discussed the future of the smart contract network at the Digital Asset Summit and said layer-2 (L2) scaling networks would continue to be central to the Ethereum ecosystem.
In an exclusive interview with Cointelegraph’s Turner Wright, Lubin said applications will require next-generation databases powered by high-throughput blockchain technologies. The Ethereum co-founder added:
“The Ethereum ecosystem is so big and so mature that it will be best for new kinds of databases — new kinds of layer 2 networks — to set up shop, as layer 2s of Ethereum. We have our own that has some great characteristics called Linea.”
“Another great application, or great layer 2, that’s emerging soon is called MegaETH,” Lubin continued.
The Ethereum co-founder ultimately concluded that newer layer-1 chains will have a tough time competing with the Ethereum network, which already features robust architecture and security guarantees.
Joe Lubin speaking at the Digital Asset Summit. Source: <a