Topic: CZ claimed Layer 2 isn't really needed yet - page 2. (Read 224 times)
Although most people would probably think that he knows what he's talking about since his company is working on this very thing. Layer 1 solutions to scaling may be out there by the time Ethereum scales but everyone has a different opinion so it will be interesting to see how things play out. There is a case to be made that layer two projects are not needed. But I think we're going to need a lot more experimentation to learn how they work and how they'll be used in the future.
Link where CZ said that Layer 2 isn't needed yet, timestamp of the video too. Cause I don't trust or think CZ would say something like that. It's up to the users to decide when the dev had to push for Layer 2 or not since the increase in demand or the overall goal and planning for that coin. Heck, I think I remember CZ BNB has something like zkBNB that is also Layer 2 as well.
What I want to say is you have to have some plan for Layer 2 in the future. Cause right now, the number of transactions is only a fracture of later where thousand of thousand people have to use the chain on the daily basis. From small value to big value transactions. If your coin truly wants to be the main currency for the future, you ought to have high TPS and scaling for a low fee.
What I want to say is you have to have some plan for Layer 2 in the future. Cause right now, the number of transactions is only a fracture of later where thousand of thousand people have to use the chain on the daily basis. From small value to big value transactions. If your coin truly wants to be the main currency for the future, you ought to have high TPS and scaling for a low fee.
We have few layer 1 projects in the crypto space right now and new ones are showing up but the thing is no layer 1 project fixed every layer 1 problems yet so why are layer 2 projects showing up in numbers? Do we really need layer 2 projects right now? I watched a CZ and Crypto banter interview on Youtube and CZ claimed we don't need layer 2 yet.
I'm not technically good with these layers and stuff. But you know what, these updates and upgrades are becoming of a hype buzz and they're capitalizing it while they can.Investors and traders are riding those things and not just CZ knows and understands this thing. But on this market, when there seems to be a genius idea, they're using it for them to use so that more investors and traders would come by to their projects.
We have few layer 1 projects in the crypto space right now and new ones are showing up but the thing is no layer 1 project fixed every layer 1 problems yet so why are layer 2 projects showing up in numbers? Do we really need layer 2 projects right now? I watched a CZ and Crypto banter interview on Youtube and CZ claimed we don't need layer 2 yet.
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