New EEA Community Project: Standards for Layer 2 Blockchain Scalability Solutions
https://ift.tt/IVKr0t3
Your help is needed to develop L2 Standards and Best Practices – Join Today
As Ethereum’s popularity continues to increase, the importance of scalability grows ever more apparent. Inability to scale means frustrating network congestion and delays on advancements, which negatively impact all Ethereum users. Layer 2 Solutions such as Optimistic Rollups and ZK Rollups, which are built on top of the Layer 1 Mainnet and allow many transactions to consolidate, help address this issue. In fact, Layer 2, in all its different technical facets, has emerged not only as a solution to Ethereum Mainnet congestion but also as a way for enterprises to utilize the advantages of the Ethereum Mainnet — security, data integrity, DeFi assets, and DeFi financial products — without sacrificing data privacy or regulatory compliance.
As Layer 2 adoption continues to grow, it’s important to consider what technical standards and best practices must be implemented to ensure various Layer 2 technologies and applications can interoperate and that positive ecosystem growth is possible. That’s why we’re thrilled to introduce our newest EEA Community Project focused on Layer 2 Blockchain Scalability Solutions. The EEA Community Projects are managed by OASIS, a well-known and respected standards body.
We want your input!
This new Community Project is inviting all parties working on Layer 2s (or interested in working on Layer 2s) to join and help develop the technical standards and best practices needed to promote positive Layer 2 growth. Read on for more Project details and how to get involved in this important effort!
What is the goal of this Project?
This Community Project will work to produce a collection of standards and best practices to help guide Layer 2 use. The group will bring enterprises and the Ethereum Layer 2 ecosystem together to focus on three key areas:
- The most relevant use cases and business requirements for Layer 2.
- Technical Layer 2 standards that meet both ecosystem and enterprise requirements, with a particular focus on interoperability.
- How to tackle Layer 2 specific challenges such as MEV, block gas limit, TVL concentration, etc. within the scope of Layer 2.
For more specifics on the project’s work, please see the Project Goals section on GitHub.
In addition to developing technical standards and best practices, this Community Project will also focus on bringing Layer 2 projects and enterprises together. It will help enterprises access and utilize Layer 2s and facilitate peer connections to prioritize the most valuable parts for their customers.
Why is this group launching now?
As we head into 2022, we’ve heard the subject of Layer 2 interoperability come up again and again as more business leaders grow concerned they won’t have a unifying standard to scale their growth. So, it is important that we start now to create interoperability standards for Layer 2 technologies. Layer 2 standards for business interfaces will ensure that everything can work together and, in turn, enable the creation of tools that allow business platforms to flourish.
Who should get involved?
Support is welcome from anyone currently building a Layer 2 solution or building on them. Standards and best practices are most effective when their development incorporates a wide array of diverse viewpoints and experiences, so all input is appreciated. These forthcoming standards will impact all parties building on Layer 2, and this is your opportunity to influence their development.
Who is leading this Project?
The Community Project is co-chaired by EEA members Dr. Andreas Freund, CTO & Co-founder of Treetrunk and Dan Shaw, Ethereum Foundation Advisor.
How can I get involved?
This group currently meets every other Wednesday at 10am ET. If you would like to participate, please reach out to Andreas Freund, Dan Shaw or Tas Dienes.
What other resources are available?
To begin this important discussion and provide a frame of reference, group leadership created a summary report, Ethereum Layer 2 and Scalability Solutions for the Enterprise. The report offers a summary of the Ethereum Layer 2 and scalability solution ecosystem and provides an overview of applicable enterprise use cases that require scalability solutions.
You can also access an Ethereum Magicians and an EthResearch post on one of the problems being worked on. Both were written by Project leaders with participation from the EEA, Matter Labs, Polygon, Offchain Labs, Accenture, VMWare, ConsenSys, Perun, Connext, Provide, and the Ethereum Foundation.
The Project’s GitHub account is available here.
Stay current on all things EEA by following us on Twitter, LinkedIn and Facebook.
Cryptocurrency
