Who cares about the liquidity if most users in the world can't even afford it? And it's unsuitable for a large array of applications?
L2s are like a last-ditch effort. If they are the main scaling mechanism, the chain is done.
L2s are like a last-ditch effort. If they are the main scaling mechanism, the chain is done.
zkEVM and Starknet liquidity sharing between dozens of L2s is what will end up changing the game.
Letting people provide liquidity to each other, all individually transacting with a decentralized app, such as buying a Disney Princess NFT, or notorizing a deed to a property, or trading a gun on a first person shooter on GameStop's network.
Even so. If the service is not on a layer 2, then you have go through the bridging process of moving your ETH to and from layers which is more complicated than directly using a layer 1 blockchain.
These 'solutions' are telling everyone that Ethereum is never going to fix these issues and the duck-taped layer 2 contraptions are now making it even harder for 'normies' to just 'use it'.
That's a lie people tell themselves to justify Ethereum's platform.
The reality is that I can build scalable L1 dapps on Algorand that "normal" users can use at extremely low cost.
As a dev however, that sounds foolish to me.
Also, chains like Algorand or Cosmos don't have "nobody else on the network".