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The post <a href="https://coinpedia.org/news/ethereum-l2-networks-only-few-l2-altcoins-will-survive-in-next-5-years/">Only Few Ethereum L2-Altcoins Will Survive the Next 5 Years: Kenny Li</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
In the ongoing Ethereum layer 2 debate, Kenny Li, co-founder of Manta Pacific, is championing a game-changing idea – the adoption of a “modular” approach for long-term success in the ever-evolving blockchain world. Li argues that many existing layer 2 networks might not stand the test of time, emphasizing the crucial need for adaptability and flexibility in blockchain development.&nbsp; 
His insights are sparking conversations about the future path of Ethereum layer 2 solutions. Read on to form your own opinions! 
<h2 class="wp-block-heading" id="h-decoding-modularity-a-breakdown">Decoding Modularity: A Breakdown</h2> 
In a r<a href="https://cointelegraph.com/news/ethereum-l2s-modular-vs-monolothic-debate-manta-interview">ecent interview</a>, Li dove into his concept of modularity, breaking down blockchain tasks into separate components for easy integration and evolution. 
Starting with <a href="https://l2beat.com/scaling/summary">L2Beat reports</a>, Li pointed out that only 44 active Ethereum L2 networks exist, with a total value locked (TVL) of $36.92 billion. Notably, Arbitrum leads the pack with $14.5 billion. This highlights a select few, including Manta, Celestia, and Cosmos, who follow the modular approach. Li likens them to “modular” blockchains, emphasizing their flexibility – a trait akin to attempting to create “better” versions of Bitcoin and Ethereum. 
Li stresses the importance of adaptability, drawing a comparison to building with LEGO blocks – allowing changes easily. However, some argue that debating how blockchains are built is a trivial matter. 
Also Read: <a href="https://coinpedia.org/news/vitalik-buterin-interestingly-sheds-light-on-ethereum-layer-2/">Vitalik Buterin Interestingly Sheds Light on Ethereum Layer 2</a> 
<h2 class="wp-block-heading" id="h-key-debate-modular-vs-monolithic">Key Debate: Modular vs. Monolithic</h2> 
Despite Li’s fervor, critics dismiss the modular vs. monolithic debate as a mere “marketing stunt.” Austin Federa, spokesperson for the Solana Foundation, warns against oversimplifying blockchain design, noting that these classifications may hide basic issues. He suggests a more nuanced perspective, acknowledging the intricate trade-offs in blockchain development. 
Li’s stance aligns with past attempts to enhance <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin</a> and <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/">Ethereum</a>, stressing the inadequacy of one-size-fits-all solutions. He credits Ethereum’s dominance to its modular design, allowing swift adaptation to changing user needs. 
Federa urges a balanced view, noting that while modular designs offer flexibility, monolithic structures may excel in simplicity and efficiency for certain uses. 
Read More: <a href="https://coinpedia.org/news/will-ethereum-eth-price-hit-ath-in-march/">Will Ethereum (ETH) Price Hit ATH in March?</a> 
<h2 class="wp-block-heading" id="h-a-peek-into-the-future">A Peek Into the Future</h2> 
This discussion underscores the continuous evolution of blockchain development, grappling with the delicate balance between innovation and reliability. The question remains – will modularity emerge as the go-to approach for blockchain construction?

Only Few Ethereum L2-Altcoins Will Survive the Next 5 Years: Kenny Li

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