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by rvz
1515 days ago
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> Except that anyone with a minimal involvement with Ethereum already knows that the base layer is not meant to be used on day-to-day operations. Despite all those contraptions existing for years, BAYC still chose the Ethereum L1 since that has the most liquidity there and all the millionaires will certainly congest and grind the network to a halt just like they did with the CryptoKitties hype years ago. Here we are, this is no different. Anything 'on-chain' is the whole point of Ethereum. These contraptions that you are showing are all off-chain, once again defeating the point of using the Ethereum blockchain for on-chain activities in the first place. Not only it has been admitted that Ethereum cannot scale properly and is useless for anything on-chain it needs an entire ecosystem of insecure, fragmented and beyond complicated layer 2 contraptions to 'speed it up'. These tools also have a tendency to go down or halt, hinting that they are not as 'decentralized' as they say they are either. |
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No, they did not. Loopring NFT marketplace was launched just a couple of months ago. The optimistic roll-ups are just now getting out of alpha/beta status. Raiden finally got their mainnet release in March.
> Ethereum L1 since that has the most liquidity there
- It's not going to be an overnight transition.
- It shouldn't be
- "Liquidity" does not need to relate to usage.
Sort like "savings" vs "checking" accounts, the base-layer will hold the majority of the assets, and people should keep on the layer-2 system "just enough" for what they plan to use in the short term.