This is a bit controversial opinion, as I am excited about L2s, I do think they will not be the eventual scaling end-game for blockchains. My main worry is that the usage of L2s and number of choices out there will mean that the Ethereum blockchain will be in significant demand and that affects the L2 pricing as rising tide lifts all boats.
L2s / any L1 still can be seen as the INFRA layer, end user would not care about them. In case of lens, mostly people don’t care it’s on top of polygon, the fact they are able to currently login with the same wallet they had earlier + gasless apps is what’s lucrative. Slowly when the wallets will be completely abstracted away - social auth, then the base chain won’t matter much
Very true, the same thing that happened to Eth would happened to EVM L2, it's just a matter of time... How do we then scale Eth permanently to solve this issue?
I was thinking the same stuff but thankfully you considered all those point here. Now I m relaxing because damn sure that you gonna find this major solution soon ♾🍃❤️
L2s are just a stepping stone in the evolution of blockchain to its ultimate form.
We need different L2s, like some can use native token as gas option.
As of now, we have only 2 L2s( counting Optimism chains as one), by Q2 24, this number could reach 4-5 and by year end this could jump to >1 10. On top of that, we have app-specific chains or L3. Asian market is dominated by Tron and BNB which are taking a significant amount of load.
In bull season, L1 could be expensive but L2s will remain cheap and easily accessible.
Hey Stani
I believe Polkadot can be great for scaling Ethereum. The only problem right now is the Bridge Hub parachain (ETH<>DOT) has taken years to complete.
Protocols can have access to Ethereum while accessing compute power through Polkadot.
L3s might be the endgame. Excited for zksync's L3. They have been talking about it for years now. It's really cool that they want to make L3's build on top of zksync customizable. So you can choose what to optimize for between security, transaction costs and speed.
And how do you feel about private chains? I do think that private blockchains (still connected to public blockchains) will play a significant role in the future, and those will eat up a lot of the demand coming from newcomers in the space. Eg. Someone will operate with their bank (since newcomers will find it easier) which will have their own private chain.