Arbitrum and Optimism are two of the major players in the competition for the top spot in Ethereum’s Layer 2 blockchains. The competition is centered around attracting more users and developers to their respective platforms.
Arbitrum has already surpassed Ethereum in daily transactions, while Optimism is focusing on building collaborations through a business model called super-chain. Both entities believe that rollups play a significant role in the future of Ethereum by speeding up the network and making it more cost-effective.
However, there are concerns that the creation of a super-chain will be challenging unless all companies creating rollups come together. Coinbase has recently joined the competition with its rollup, Base, and is expected to connect with other chains to create a super-chain in the future.
Other entities involved in zero-knowledge rollups include Scroll, Polygon, Matter Labs, and Consensus. Aztec has already created a privacy-oriented rollup similar to Ethereum’s VPN.
The Concept of Super-Chain in Ethereum Layer 2 Blockchains
The creation of a super-chain in Ethereum’s Layer 2 blockchains is seen as a solution to the competition among rollups. However, the process of creating one is expected to be challenging.
Coinbase, Optimism, and other entities involved in rollups agree that users of crypto applications should not have to worry about which rollup to use. They also acknowledge that the creation of a super-chain will require the cooperation of all companies creating rollups.
Arbitrum’s CEO, Steven Goldfeder, does not believe in the concept of a super-chain and thinks that one method should not be applied to all cases. He believes that Optimism needs to bring in fraud-proof technology to receive security measures from Ethereum.
The Significance of Rollups in the Future of Ethereum
Rollups play a significant role in the future of Ethereum by speeding up the network and making it more cost-effective. They are essential technology for scaling the network for the endless number of users.
Entities involved in rollups, such as Arbitrum, Optimism, Scroll, Polygon, Matter Labs, Consensus, and Aztec, are working on different types of rollups. Optimism and Coinbase are collaborating to create a super-chain, which will connect multiple chains to make it easier for users to access different rollups.
However, creating a super-chain is not without its challenges, and it will require the cooperation of all companies creating rollups. Arbitrum’s CEO does not believe in the concept of a super-chain and thinks that one method should not be applied to all cases.