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Because paying fees measured in dollars for transaction times sometimes measured in minutes is absurd when chains exist where fees are fractions of a cent with
by cmcaleer 3y ago
Because paying fees measured in dollars for transaction times sometimes measured in minutes is absurd when chains exist where fees are fractions of a cent with transactions consistently measured in low seconds. L2s solve this to an extent but it's very user-unfriendly and confusing.
- palmfacehn 3y agoThe wallet UX is horrible. There will always be a portion of people who will download and run malicious software or enter sensitive data into obvious scams. However the entire wallet security model makes it too easy for malicious sites to drain wallets. Other chains have innovated by creating contract specific key pairs and the GIANT RED WARNINGS you'd expect when creating a key pair with permission to transfer assets. I'm not sure that the expensive transactions in ETH are something entrenched interests are willing to do away with.
- mattdesl 3y agoMost of the chains that solve this do so by making certain compromises (around security, decentralization) that Ethereum core develops are unwilling to adopt. Other chains are simply cheaper to use because there is less market pressure (ie: fewer users).