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Will All L1s Move to Ethereum? (www.decentralised.co)

submitted 3 months ago by pdqcp@lemmy.dbzer0.com to c/crypto@lemmy.ml

16 comments fedilink hide all child comments

As noted by u/rhythm_of_eth on r/ethereum:

Article on how Ethereum is capturing alt-L1s masterfully while working towards offering options for sustainable and reliable L2 businesses and making this acreative to L1 network effects and deflation mechanisms in the long run.

Specially relevant: the stats about L2 profit margins, and how widely they vary when blob limits are low, then tend towards less volatile when there's a wider range for price discovery.

Remember, we said that Ethereum is to rollups what cloud service providers are to software businesses. What happened after the cost of using cloud services dropped? The demand grew, and so did the revenues of cloud providers. AWS is the cleanest example here. It continued to cut prices for customers and still grew like a utility.

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[–] KhantoBlackhand@lemmy.today 0 points 1 day ago (1 children)

Have you checked out Kaspa? It's a pretty good option too once the L2 for Smart contracts is more mature. Its also POW and it had a fair launch like BCH, and BTC.

[–] CashDragon@realbitcoin.cash 0 points 1 day ago (1 children)

I have been hearing people mention it but I have not tried it out yet because I kind of get the vibe it is a VC funded hype pump and dump scam, like SOL. They will likely abandon it in 2 years and move on to something new.

Honestly BCH pretty much can do everything for me and has been around a long time, once Kaspa is around for 5-10 years then I will likely try it out.

[–] KhantoBlackhand@lemmy.today 0 points 1 day ago

Kaspa isn't VC funded though, it had a fair launch and there were no coins preallocated to anyone. It is proof of work and requires to be mined.