4 ms·

Etherum gas fees are horrendous right now, totally agree. In my opinion the work that is being done on scaling is much better on Etherum than on Bitcoin, and bi

Etherum gas fees are horrendous right now, totally agree. In my opinion the work that is being done on scaling is much better on Etherum than on Bitcoin, and bitcoin really has a very limited capacity for smart contracts compred to bitcoin. In my opinion bitcoin, by not taking scaling seriously, has declared it's self as only good for store of value, L1 bitcoin seems like it won't really become any more efficient and essentially all L2 systems require 2 tx on L1. Etherum will scale L1 a bit more with allows overfull blocks and then much more when PoS rolls out.

rstuart4133 6y ago
> essentially all L2 systems require 2 tx on L1. True. But once an L2 channel is anchored on L1 using those 2 L1 transactions it can support an unlimited number of L2 transactions, they take milliseconds to do, and an unlimited number can happen in parallel - all without any more L1 transactions. L1's main use is to become the place L2 channels are created. Creating 7 entire channels per second sounds like it should be more than enough.