Quote from: passwordnow on Today at 09:22:01 AM

Quote from: dimonstration on September 19, 2022, 12:48:15 PM

Quote from: passwordnow on September 19, 2022, 09:10:19 AM

I'm not technically good with these layers and stuff. But you know what, these updates and upgrades are becoming of a hype buzz and they're capitalizing it while they can.
Investors and traders are riding those things and not just CZ knows and understands this thing. But on this market, when there seems to be a genius idea, they're using it for them to use so that more investors and traders would come by to their projects.

Layer 1 is the blockchain like Bitcoin, Ethereum and Solana while Layer 2 are those side chain project like Optimism that helps Layer 1 project to unload some transaction by processing it on Layer 2 instead of going to Layer 1 directly that will make the network busy.

Layer 2 is necessary for those blockchain that has a very network such as Ethereum but completely useless on blockchain that has hast network confirmation such as BSC. I think CZ comment is for his BSC because it really doesn’t require it.

Thanks.
So, it seems that I'm right that it's really for the gain of the project that he owns and manages. That's why they understand overall the market and it's not just all about the technology.
We've got layer 1, layer 2, and maybe soon layer 3. We also have web 3 and it's becoming a trend these days and many are saying that it's going to be needed soon. Too many upgrades and details to be fed to everybody that are really interested on these projects.

It's a gold rush isn't it? I don't mind seeing layer 4 all I care for is making some money and having a good life, if any upgrade is ever going to work is not my business, BTC alone is enough for everything, everything else are just experiments, let them keep bringing the projects, crypto money follows hype.