Later in the discussion, Buterin posted on Warpcast (https://warpcast.com/vitalik.eth/0x6f6ccd99) where he proposed new terminology to help encapsulate the differences between “strong L2” and “light L2” solutions. Examples of strong L2s were rollups, plasma, and channels; whereas validiums and pre-confirmations were light L2s. This new terminology was met with tepid responses.
So far, there are no good results for the second layer solutions on the Ethereum network. All the solutions that were presented previously did not succeed in eliminating the main problems that the main Ethereum network suffers from.
Same for the Bitcoin network Layer 2 solutions like the Bitcoin Lightning Network have not been successful in eliminating major network issues such as congestion and high fees.
Even after the recent upgrade of Ethereum, despite the transition of Ethereum from POW to POS. it did not completely succeed in eliminating the problems of congestion and transaction delays on the mainnet,
The solutions proposed are not true second-layer solutions, but rather a central network which uses zero-knowledge proofs, which instead of being stored in the main Ethereum chain, are stored in separate data chains such as Celestia. Therefore, solutions such as Validiums are separate altcoins and not a second layer.
Financial applications would lose more from application failures; games and social media involve lots of activity per user, and relatively low-value activity, so a different security tradeoff makes sense for them.
Things have become a little complex for newbies even for people like me who are in crypto for a long time
By the way, I was not aware of the Validium (Light L2) but I think these would be more cost effective then Strong L2, He should have used the word Heavy instead of Strong, as Light is the antonym of Heavy and it would be more easy to remember it but that's not a big problem. Even the names does not matter that much the thing that matters to me the most is, on chain data availability, with the fee of L2 light methods. That's why I want in ETH.
Things have become a little complex for newbies even for people like me who are in crypto for a long time
It's becoming complex because they went from the start on path of getting a complex solution for something that needed scaling and of course a scalable fixing issue is going to have it's own scalability hurdles, and you patch more and more and more till nobody knows that the f word they are looking at!
That's good point. "strong" isn't antonym of "light" unless we talk about taste of coffee ;D.
That's true. It reminds me that there are at least 5 different standard for token (ERC 20, 721, 777, 1155 and 5679).
That's good point. "strong" isn't antonym of "light" unless we talk about taste of coffee ;D.Yeah, just as cool and hot are more the same than opposite when when you talk about a car or a guy for example ;D
But the usage of strong instead of heavy is common in marketing (damn my uni years), because heavy can also have negative implications unlike strong, you don't want to name some code heavy and more a BBQ sauce!
That's true. It reminds me that there are at least 5 different standard for token (ERC 20, 721, 777, 1155 and 5679).Well, I'm a bit of maxi, more than a bit actually so I did lose touch with a lot of those things especially token but let me tell you straight that the moment I read those I was for a moment thinking why are you talking about CPU sockets here? ::) I didn't think a few years ago I would say something like this but maybe we need standardization as those things are going out of control worse than cables, screws and audio formats.