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People hating on Bitcoin's proof of work don't understand layer 2 solutions are on the way. Ultimately Bitcoin will be used as a final settlement layer and not
by bilater 6y ago
People hating on Bitcoin's proof of work don't understand layer 2 solutions are on the way. Ultimately Bitcoin will be used as a final settlement layer and not for recording your pizza transactions while faster, lighter blockchains work with it.
- x3n0ph3n3 6y agoI've been hearing this for years now. All of them have thusfar become a complete failure in both usability and reliability.
- bilater 6y agoNot sure where are you looking but there are advances being made with every upgrade. On Ethereum as well as Bitcoin. With Ethereum in particular right now you have solutions like ZK and Optimistic rollups. We are taking concrete steps towards an eventual network of blockchains each talking to one another. These will both alleviate traffic and privacy concerns such as bots front running transactions on Uniswap.