Your help is needed to develop L2 standards and best practices – Join today

As Ethereum’s popularity continues to grow, the importance of scalability is becoming ever clearer. Inability to scale means frustrating network congestion and delays in progress, negatively impacting 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 be consolidated, help solve this problem. In fact, Layer 2, in all its various technical facets, has emerged not only as a solution to Ethereum mainnet congestion, but also as a way for companies to leverage the benefits of Ethereum mainnet – security, data integrity, DeFi assets and DeFi financial products – without sacrificing privacy or regulatory compliance.

As Layer 2 adoption continues to increase, it is important to consider what technical standards and best practices need to be implemented to ensure that different Layer 2 technologies and applications can work together and that positive ecosystem growth is possible. That’s why we’re excited to present our latest 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 collaborative project invites all parties working on Layer 2 (or interested in working on Layer 2) to join and develop the technical standards and best practices needed to foster positive Layer 2 growth. Read on for more project details and how you can get involved in this important effort!

What is the goal of this project?

This collaborative project will work to create a collection of standards and best practices to support the use of Layer 2. The group will bring together companies and the Ethereum Layer 2 ecosystem to focus on three key areas:

  1. The most relevant use cases and business requirements for Layer 2.
  2. Layer 2 technical standards that meet both ecosystem and enterprise needs, with a particular focus on interoperability.
  3. How to address Layer 2 specific challenges like MEV, block gas limit, TVL concentration etc. within the context of Layer 2.

For more details on the work of the project, see the Project Goals section on GitHub.

In addition to developing technical standards and best practices, this collaborative project will also focus on bringing Layer 2 projects and companies together. It will help companies access and leverage Layer 2 and facilitate peer connections to prioritize the most valuable parts for their customers.

Why is this group starting now?

As we head into 2022, the topic of Layer 2 interoperability has kept coming up as more executives worry they won’t have a unified standard to scale their growth. Therefore, it is important that we start creating interoperability standards for Layer 2 technologies now. Layer 2 business interface standards ensure that everything can work together, and in turn enable the creation of tools that allow business platforms to thrive.

Who should get involved?

Assistance is welcome from anyone currently building or building upon a Layer 2 solution. Standards and best practices are most effective when their development incorporates a wide range of different viewpoints and experiences, so that each contribution is valued. These upcoming standards will impact all parties building on Layer 2 and this is your opportunity to influence their evolution.

Who is leading this project?

The joint project is led by EEA members Dr. Andreas Freund, CTO and co-founder of Treetrunk, and Dan Shaw, Advisor to the Ethereum Foundation.

How can I get involved?

This group currently meets every other Wednesday at 10am ET. If you would like to participate, please contact Andreas Freund, Dan Shaw or Tas Dienes.

What other resources are available?

To start this important discussion and provide a frame of reference, the group executive produced a summary report, Ethereum Layer 2 and Scalability Solutions for the Enterprise. The report provides a summary of the Ethereum Layer 2 ecosystem and scalability solutions 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 issues that are being worked on. Both were written by project leaders with participation from 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 up-to-date on all things EEA by following us TwitterLinkedIn and Facebook.



What's your reaction?
Happy0
Lol0
Wow0
Wtf0
Sad0
Angry0
Rip0
Leave a Comment