Topic: What will happen to layer 2 networks? - page 2. (Read 323 times)
Nothing happen. There will be no a big change with it. Layer 2 blockchain will still remain exist. The fact that if there would not be a change in ethereum as well. I think that people are taking it in a wrong way. Let's see what's gonna happen with it whether you will be getting right result about ethereum scalability or not. I think that people will always prefer to use the second layer blockchain instead of first layer with huge fees like ethereum.
Developers have the right to choose, Ethereum is good but there are many options for developers, Ethereum has good utility but some.layer 1 projects have something better too so its left for developers to make a choice to their tastes.
I believe L2 project still deserves to exist, because crypto for me is a choice according to the tastes of each user, so if we can get a lot of choices why should we use only one choice.
What choice you are talking? L2 is just an option if the blockchain network can’t handle all the transactions but they are already useless once the blockchain can handle it for themselves. Ethereum is the only project that has tons of L2 project because of its very slow blockchain but this PoS might be the killer of L2 project once the tps increase.
I believe L2 project still deserves to exist, because crypto for me is a choice according to the tastes of each user, so if we can get a lot of choices why should we use only one choice.
i saw an article that eth gas fees wont be reduced by merge. so the adoption for the layer2 ecosystems will exist furthermore. eth merge was introduced not to reduce the gas fee. it was not introduced to lower gas fee as ethereum foundation stated. check Cointelegraph website for more details.
so how could you exactly say "adoption for the layer2 ecosystems will exist furthermore" ? what is the relation between Ethereum merge and other layer 2 projects?? may you explain me plz? Only time will tell, their demand might go lower since it will look like no reason to use them but that's not always the case, let's use the present condition of ETH for an example, till this day with all the high gas fee complains on ETH why are developers still using the blockchain? That's it , many devs will still use other blockchains as well.
You cant compare ETH to most of these coin, It is close to Bitcoin and SOV coin in few years from now. It has one of the biggest community and market in crypto. ETC would have been a better argument. ETH developers are very active even with the challenges of the high transaction fee, they got staking and best platform for Defi. High fee transaction seem to be the toughest challenge possed especially for smallmoney traders. All the coins still got ETH blockchain and many could flood back soon.i saw an article that eth gas fees wont be reduced by merge. so the adoption for the layer2 ecosystems will exist furthermore. eth merge was introduced not to reduce the gas fee. it was not introduced to lower gas fee as ethereum foundation stated. check cointelegraph website for more details.
it's hard to be cheap on the ethereum network, which can make the price of ethereum cheap just during the bear season phase that is happening right now. Gwai which is now cheap can reach 4,5,6,7 Gwai I've seen EnterScane. this could be a strong reason for me that the projects that are part of ethereum are not haphazard. good quality
i saw an article that eth gas fees wont be reduced by merge. so the adoption for the layer2 ecosystems will exist furthermore. eth merge was introduced not to reduce the gas fee. it was not introduced to lower gas fee as ethereum foundation stated. check cointelegraph website for more details.
We should consider first whether the merge will really solve the Ethereum scaling problem or not and the only thing to prove it is to wait for the actual transition of PoW to PoS and run the nodes to process all Ethereum transaction. L2 project will surely affected if the merge result is successful because there’s no sense to use them anymore while the on chain transaction cost cheap and confirm fast. But since there’s a chance that Dapps will grow when this merge becomes successful, There’s a point that congestion might happened again and L2 project might be needed.
For now, The only thing we can do is to wait for the performance of pos eth.
For now, The only thing we can do is to wait for the performance of pos eth.
Only time will tell, their demand might go lower since it will look like no reason to use them but that's not always the case, let's use the present condition of ETH for an example, till this day with all the high gas fee complains on ETH why are developers still using the blockchain? That's it , many devs will still use other blockchains as well.
Eth merge is happening and soon we may see a super low transaction fees for eth transactions, the question is what will happen to layer 2 projects like arbitrum and optimism? They doing really great in scaling Ethereum with swap fees no more than 0.2$ but the question is if will keep existing in the future
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