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I also wonder how this can be solved in other cryptos. In Ethereum the current solution is really high fees, which don't scale. Layer 2 is not composable and cu
by realpauleverton 5y ago
I also wonder how this can be solved in other cryptos. In Ethereum the current solution is really high fees, which don't scale. Layer 2 is not composable and current solutions aren't decentralized.
- randomopining 5y agoWhat do you mean by Layer 2 isn't composable? My basic understanding after looking at this stuff off and on for a few months is: 1. Centralization and cost of transaction are inversely correlated. 2. Layer 2/3/4 can take care of smaller transaction where we don't care that it is globally immutable. (Nobody cares if your pack of gum purchase is known global... at least on a lower level local chain that you trust or care about) And yes, all the "competitors" to Ethereum are all centralized voodoo... so besides scams who cares.