Post
Topic
Board Altcoin Discussion
Re: Are L3s worth it?
by
Abiky
on 07/06/2024, 11:22:10 UTC
I don't think L2s is fast and cheap and if it was fast and cheap there was no need for the L3 Blockchain. Ethereum uses the both layers. Upon using L2 as a backup Blockchain in the network it still face with congestion and high transaction fee. And if layer3 is created and inserted in the Blockchain, Solana and Ethereum will still face congestion because of the memecoins and the  shitcoins using the networks.

Yes. That's the #1 reason why blockchain ends up bloated. There are too many "shitcoins" and "meme" coins taking away unecessary block space. Constant interactions of tokens and dApps will greatly reduce network performance and cost-efficiency. Since Ethereum is the largest smart contract platform in the world, it suffers from severe network congestion. Developers need to roll out constant network upgrades to keep fees as low as possible. But they won't do it because they want everyone to move to centralized L2s instead.

L3s are nothing new as they're layers built on top of existing ones (L2s). They'll be overhyped so developers can keep filling their pockets with money. It's all a cash grab. "Infinite scaling" is what developers should've considered in the first place.

As I've stated before, Pascalcoin's "SafeBox" mechanism allows "infinite scaling" without compromising decentralization. Accounts usually have a record of the last recorded balance before previous blocks are purged from the system. Sort of like a "checkpoint" used by classical PoS coins (eg: Peercoin and Blackcoin). Unfortunately, there's not much interest in doing something like this for Ethereum because of the reasons mentioned earlier. Everyone is following the hype ("meme" coins, NFTs, AI tokens, etc). Perhaps, we'll see L4s become a thing after L3s reach their full capacity? Only time will tell. Hopefully, decentralization is preserved for generations.