Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Crypto Barik on September 19, 2022, 10:47:30 AM
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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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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
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Is the video new/just recently published? If that's true perhaps he sees BSC hasn't even hit the ceiling/tps limit. The purpose of L2 is to increase the tps, so it's needed on BTC & ETH, but not for BSC (I assume). Moreover, the bear market push the activity down so L2 isn't necessary at the moment. But I'm not gonna say that it's not needed since it would be best to prepare the bandwidth before the traffic comes.
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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 do agree with CZ. Layer 2 blockchain was a garbage useless blockchain. There are so many layer 1 that already made bridge to the mainstream blockchain even these days the coin like bitcoin can be bridged as well. We didn't really need blockchain layer 2 solution. It's pure gimmick created by the developers. So many projects were aiming to fix the problem from 1 blockchain. IMO we didn't need bunch of developers created so many second layer solutions.
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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
Yes, it would be helpful for OP to share us the link to that YouTube video, otherwise this can just be another speculation by somebody. Now, it would be good if anyone referring to another third-party platform to post also the link so people won't be confused.