Reddit Posts
ETH vs Layer 2 Fees , How much you would have saved ?
LAYER 1 POLL UPDATE: Only 7% Correct out of N=501 results. Zenon is the only Layer 1 that has all six attributes embedded directly into the wallet itself.
Blockchain Layers PART-1: L1, L2 and L3 discussions.
Xeon Labs | Smartwallet App | Xeon Blockchain | Huge Marketing | Strong Community |
Why most of blockchain projects will not make it, and it's not really for the reasons you think. It's for the reasons that most of you confuse and misunderstand what blockchain really is.
Real Time Strategy: Crypto ain't no (single) game
To those of you screaming about Ethereum's gas fees: L2's exist. Use them.
Mentions
1. I literally showed you the banks that are already partnered with ripple? [HSBC ](https://finance.yahoo.com/news/hsbc-partners-ripple-owned-metaco-053432421.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJk6pIzKnQt6rFbwvKPuub6nyZMI2pHDOz6th6dCSkDG873jtwQBFVUJGzqy71MqOfiUFIEIgDn11WjYjy7im27_pUHL-RtLNu_sivSB7OK3K619W70a8Zm23bVy6GD3hWO2tSBWHfhIXvSuckveCn3J_ltZwCmc0fx3YR5MxNPb) [Standard Charter](https://www.sc.com/technology/assets/pdf/9-15-08-2016-Standard-Chartered-completes-strategic-investment-in-Ripple.pdf) 2. You still are having trouble understanding a tech stack. This Literally benefits ripple as a super dex/liquidity provider. Its main feature. Its what it was designed for. Chainlink and Swift connects to Finastra through its joint application manager. Which simultaneously connects to Ripplenet as a source of liquidity. Theres actually mutiple pathways but we are just focusing on this one. Payments is full of pathways actually. Banking software follows the one with least friction without bias. https://www.finastra.com/press-media/ripple-bring-blockchain-technology-finastras-banking-customers https://www.finastra.com/solutions/total-messaging Swift transaction Manager(Chainlink) <--> Finastra(Ripplenet) Swift still DOES NOT DO SETTLEMENT! It does MT103 payment messages through API. This is literally how it works. https://tipalti.com/payments-hub/swift-payments/#:~:text=swift%20payments%20are%20transactions%20made,between%20banks%20using%20swift%20codes Ripplenet GETS RID OF THE NEED FOR NOSTRO VOSTRO ACCOUNTS ON THE SETTLEMENT LAYER. Its designed to completely eliminate pre funding. https://www.finastra.com/sites/default/files/file/2022-11/resource-fusion-total-messaging-simplified-swift-connectivity-financial-messaging.pdf https://www.finastra.com/sites/default/files/file/2021-12/resource-ripplenet-via-fusion-total-messaging.pdf https://docs.ripple.com/payments-direct/user-interface/tutorials/batch/bank-ids/ https://docs.ripple.com/payments-direct/ripple-payments-direct/ Ripple and Finastra source XRP to facilitate transactions over the SWIFT network without needing a direct relationship between SWIFT and Ripple. Although they could in some instances where it makes sense. Finastra is one of the world’s largest fintech companies which supports various financial messaging standards, including SWIFT’s messaging system. Finastra’s use of RippleNet enables financial institutions to use blockchain for cross-border payments. Fusion Total Messaging can handle SWIFT messages, and if linked with Ripple’s network, it can route payments with XRP through the SWIFT system via intermediaries, essentially blending the two technologies. This sidestepped the challenge of directly partnering with all 11,000+ SWIFT members individually. Essentially powering payments without disrupting SWIFT’s existing infrastructure but still gaining access to its vast network. Even though they still partnered with the biggest banks around(some mentioned above) in the backend AND front end. So yes it does benefit them, it pretty much scaled their entire cross-border payments solution by leveraging existing infrastructure. So them going full speed on their portion to open up pathways next year is bullish for xrp and chainlink.
Am I the only one reading Eigen Layer like a the German dude with small black moustache? EIGEN LAYER!!! JA! JA! JA!
They probably sent that money to buy sandwiches Just kidding! This is the first stage of the Bitcoin parabolic explosion. It's like a double back run. Everyone withdrawals their fiat in a short period of time so they can get some BTC. WHICH IS LIKE A SECOND LAYER BANK RUN I think we are entering uncharted territory FAST
> Hbar will be THE TRUST LAYER This is delusional nonsense. You can't run a node, so there is no way to even check your balance directly, or to send a transaction without trusting a 3rd party! You just have to hope that whoever runs the block explorers and RCPs are honest, it's just a stupid scam to trick retail into paying the infrastructure costs for a bunch of rich corporations. The only real user of the network is Atma, and they don't have to pay for their transactions. The token is inflated continuously, given for free to Atma and the retail buyers are fed stupid hype to get them to buy the excess. It's sad to see people fall for it, then even sadder to see them shilling it here to more naive victims.
Hbar will be THE TRUST LAYER. It is the chosen one. Tech is next generation DLT and they have the metrics and Governing Council to back it up. Long term it's going to flip Eth and Bitcoin. I regularly DCA into this and Saucerswap, which will be the next Uniswap once Hedera takes off. Also lots of LEGIT projects in the Hedera ecosystem that will take off as well once Hedera establishes itself as the premier Layer 1. Web3 will be BUILT ON HEDERA.
Ai-blockchain LAYER1🔥 active dev and team,building community with many raids per day and deliveries we got xeggeg and submitted to mexc, we have bsc and eth and waiting for sol and matic BUT 🙏🏽 the must is the Ai audit function
🎉 THE DECEMBER BIG NEWS IS HERE!!! We said we would surprise this community and here it is. To reward this community we are doing a free token distribution AMONG THE FIRST 150 HOLDERS TO JOIN THE WHITELIST EVENT ON OUR LAYER3 WEBSITE! Simply follow these steps: 1️⃣ Go to https://defibulls.org 2️⃣ Connect Wallet 3️⃣ Locate the “CLAIM REWARD” section 4️⃣ Enter your wallet address in the provided field Your involvement is greatly valued, and we look forward to having you on board! ⚠️ WE DO NOT REQUEST FOR FUNDS OR SEND YOU MESSAGE VIA DM’S
🎉 THE DECEMBER BIG NEWS IS HERE!!! We said we would surprise this community and here it is. To reward this community we are doing a free token distribution AMONG THE FIRST 150 HOLDERS TO JOIN THE WHITELIST EVENT ON OUR LAYER3 WEBSITE! Simply follow these steps: 1️⃣ Go to https://defibulls.org 2️⃣ Connect Wallet 3️⃣ Locate the “CLAIM REWARD” section 4️⃣ Enter your wallet address in the provided field Your involvement is greatly valued, and we look forward to having you on board! ⚠️ WE DO NOT REQUEST FOR FUNDS OR SEND YOU MESSAGE VIA DM’S
🎉 THE DECEMBER BIG NEWS IS HERE!!! We said we would surprise this community and here it is. To reward this community we are doing a free token distribution AMONG THE FIRST 150 HOLDERS TO JOIN THE WHITELIST EVENT ON OUR LAYER3 WEBSITE! Simply follow these steps: 1️⃣ Go to https://defibulls.org 2️⃣ Connect Wallet 3️⃣ Locate the “CLAIM REWARD” section 4️⃣ Enter your wallet address in the provided field Your involvement is greatly valued, and we look forward to having you on board! ⚠️ WE DO NOT REQUEST FOR FUNDS OR SEND YOU MESSAGE VIA DM’S
All I ever heard about LN is that you don't need litecoin because we have LN. Seems like they were worried how much better litecoin works on its fucking BASE LAYER from the get go...fu king maxis
Layer 1 is already losing support from many protocols.. opBNB doing NFT promotions on GALXE and LAYER3xyz to boost the hype. No: i don’t want a swag panda NFT
1. Is there a way you can upgrade to a more recent version of Windows? The problem with Windows is you will have lots of security vulnerabilities and may end up having your computer - and your wallet - hacked! 2. Nym is a LAYER ZERO project that defends the network level. Every other privacy project like ZCash, Monero, and Secret needs Nym to achieve privacy as otherwise you are doxxed by your IP address and timing/volume of packets. We are also in talks to integrate with all these projects ad we already started with Monero. 3. Quantum computing is a threat and currently Nym's Sphinx packet does not defend against it. However, we have Daniel Bernstein, the famous cryptograher who invented half of modern crypto and is a quantum specialist, working on an upgrade now that we expect to deliver next year. 4. A mixnet will cause a delay, but we've seen the delay can go to as little as half a second. For better privacy, you want longer delays - and the plan is user and app can set them.
Let me see if the LINK suppression bots are still active these days… Chainlink will serve as the ABSTRACTION LAYER FOR GLOBAL FINANCE, from global payments to stock settlements to real world assets on chain finance to tokenization of everything.
Flips Ethereum LAYER 1 transaction count when Ethereum has gone down the roll up route to scale Arbitrum did more transactions than Ethereum and Doge last week. Plus all the other L2s and Polygon are all adding to the transaction count on Ethereum
Flips Ethereum LAYER 1 transaction count when Ethereum has gone down the roll up route to scale Arbitrum did more transactions than Ethereum and Doge last week. Plus all the other L2s and Polygon
You can move Bitcoin for free Banks at the base layer are very slow. Venmo is fast but that’s because it’s actually a LAYER 2. Transfer money from the layer 2 back to your bank and it takes DAYS unless you pay a fee
hold up lol - though I agree that Cardano is cheaper on LAYER 1, Cardano is very slow on layer 1 and will require layer 2 (Hydra) to circumvent the speed issue. CH talks about this all the time. The interesting part about Cardano is the eUTXO model built in to LAYER 1 - not just an option on layer 2. So that could be a major advantage to Cardano if it plays out right, we'll see though how its implemented. Keep in mind though, ETH layer 2s batch tx all the time. And the argument is "yeah but that processing is done off-chain". Yeah but ADA processes off chain on layer 1 (see WMT).
Your ignorance is beyond anything else. Use it, you will get the ‘special’. It HAS THE MOST ACTIVE DAILY USERS OF ANY LAYER 1 exclusing eth if you count polygon etc as eth. Comparing BTC to a layer 1 application protocol only shows your complete ignorance for this space. 2B daily active users on facebook exactly tells you how people don’t give a rats ass about decentralisation. Stop merking it as the number 1 and only priority for blockchain solutions. Seeing you only attack the person and not provide any sort of data driven argument you are probably a troll or beginner investor without any substantial DD under the belt. In other words, you don’t have a clue.
the total number doesnt matter. you could run the world on 5 bitcoin. it would just make 1 bitcoin be worth so much more. with adoption (=demand for btc) the price increases. it just requires a subdivision of each coin. we already have the subdivision of 100 million satoshis per bitcoin on BASE LAYER. further divisions can trivially be achieved on higher layers. everything else is just keynesian propaganda. they make you believe the total amount of units matter.
Odd how Cointelegraph deleted the article. I suggest you all take a deep dive into the Railgun Protocol. Those hackers from North Korea just used it the other day: [https://twitter.com/zachxbt/status/1614771861266792449?s=20&t=U4abwKcfH5J--Ft4TlQo-g](https://twitter.com/zachxbt/status/1614771861266792449?s=20&t=U4abwKcfH5J--Ft4TlQo-g) It literally solves everything Vitalik discusses in his most recent blog post ([https://vitalik.eth.limo/general/2023/01/20/stealth.html](https://vitalik.eth.limo/general/2023/01/20/stealth.html) ) -- this is the blog post they were discussing in the deleted CT article ... **Why am I bullish on Railgun?** Ethereum users now have the ability to privately swap **ERC-20s and hold fully private ERC20 balances** on Ethereum **LAYER 1. See these tweets:** 1**.** [**https://twitter.com/thejohalfiles/status/1615417045453254661**](https://twitter.com/thejohalfiles/status/1615417045453254661?s=20&t=U4abwKcfH5J--Ft4TlQo-g) **2.** [**https://twitter.com/0xPolygonDeFi/status/1615423769073356804**](https://twitter.com/0xPolygonDeFi/status/1615423769073356804?s=20&t=U4abwKcfH5J--Ft4TlQo-g) Railgun just also added a **private NFT** feature. This will enable the following: 1) Sealed-bid auctions 2) The ability to add **Private Uniswap Liquidity** (most people have no idea how huge this is) 3) Anonymous ens domains 4) Access Cards to control smart contracts https://www.coingecko.com/en/coins/railgun
NXT LAYER 1 BlockChain is built for sustainability from the tech, to the team and finally the best community in the space!!!!! Ron5727
We only have one internet friend. ₿ is the same as it is a network just the internet of money. All the amazing apps, websites & functionality we have on the internet was built in layers. They started with a protocol like with ₿. Simple. Then they added layers to add functionality. People don’t understand that there will only be one. Probably bitcoin. Ethereum & allll the other cool tech will just run on higher layers of ₿. I used to think that we would live in a multi coin world & we will, just not the way most imagine. EVERYTHING WILL BE BUILT ON THE SAME, ULTRA SECURE BASE LAYER. I ASK AGAIN, why do we not have 22,000 different internets. Same reason we won’t have 22,000 “crypto” coins or tokens. There will only be ONE. It’s been proven time & time again. No I’m not a bitcoin maxi. Just see the truth
CEX = Dead man walking. Lipstick on a pig = it's still a pig. The only way forward is trustless Defi on LAYER 1: We have it right now: [atomicdex.io](https://atomicdex.io)
**Solving the oracle problem:** Free market forces solves this. You can't have an architecture like LINK. Long/shorts should track the derivatives price, generating the oracle feed. That is the only truly decentralized oracle. We had it with BTS. The market was too stupid then. Are they still too stupid now? We'll see. ​ **Solving the Defi scaling problem:** Offload Defi to LAYER 1 on fast, scaleable blockchains. Delegated proof of stake has so far been the only viable consensus mechanism for Defi on layer 1. ​ **Decoupling CEX bridges to Defi and piping volume into DEX:** Atomic swaps are the answer. See AtomicDEX and Wanchain bridging solutions. ​ I would argue smart contracts aren't the way to do Defi. Offload that volume elsewhere, then use smart contracts for what they are good for.
> "unlike eth" just build an l2 if you want an app chain. With zk roll ups, faster, better security and sounds cooler. LAYER TWO implies it's still on the original Layer 1 Chain
Do Kwon now is recovering 40% of LUNA with airdrop token of its partneredship . Pay attention to its NEXT LAYER .
You know layer 2s inherit the FULL SECURITY OF LAYER 1? So if you trust Ethereum you also trust any layer 2.
Yes you have a choice of layer 2 but the FULL SECURITY OF LAYER 1.
LAYER 2s baby. Don’t kid yourselves with low security.
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
#Cellframe is designed to be the go-to enterprise level #quantumsafe #LAYERZERO #LAYER1 #blockchain for everything: #dApps (#tdApps) ✅ #GameFi ✅ #Metaverse ✅ #NFT ✅ #DEX ✅ TG: https://t.me/cellframe
But NO LAYER -10, EVER, you have all been warned
False.... The entire energy debate is happening between people that have no idea how electricity works. For starters, Bitcoin is only using energy that would otherwise be wasted. Power companies themselves can and are using Bitcoin rigs for "demand response" to FURTHER monetize energy that would also be wasted. When used in HVAC systems, at least during the winter times.... The majority of BTC rigs output is converted to heat. So it's possible to mine BTC with just a hair greater inefficiency than a traditional HVAC setup.... except with the mining rig HVAC system, you're paying for electricity and then getting paid in return with BTC. Hold long enough, and you will make more money. The thing is... as people say over and over again... Bitcoin is NOT going anywhere. There's multiple reasons that it's the gold standard, and it starts with the fact that it's uncorruptible, unstoppable, trustless, etc. All the other coins you mention... XLM, Nano, etc. have NO LAYER OF TRUSTLESSNESS. Decentralization is not the same as trust minimization. Since BTC isn't going anywhere.... Since power companies will use it to monetize wasted energy.... Since gas companies are also doing the same, while additionally *minimizing* gas flare offs, which are bad for the environment (further evidence of "demand response" applying to more energy sectors than just electrical)... Since HVAC systems can generate heat in a profitable manner (which is the greatest expense for virtually ALL American homes).... Since corporations and countries will store their reserves in it, since it's the most secure form of money that's ever existed... Why not just use it & the LN, since it's not going anywhere?!? Think about how much waste YOU are contributing to by perpetuating the shitcoin lies that don't even solve the issues of a TRUSTLESS form of money that works regardless what any human does or doesn't do.
You can't say you didn't know this after today, ok.... The entire energy debate is happening between people that have no idea how electricity works. For starters, Bitcoin is only using energy that would otherwise be wasted. Power companies themselves can and are using Bitcoin rigs for "demand response" to FURTHER monetize energy that would also be wasted. When used in HVAC systems, at least during the winter times.... The majority of BTC rigs output is converted to heat. So it's possible to mine BTC with just a hair greater inefficiency than a traditional HVAC setup.... except with the mining rig HVAC system, you're paying for electricity and then getting paid in return with BTC. Hold long enough, and you will make more money. The thing is... as people say over and over again... Bitcoin is NOT going anywhere. There's multiple reasons that it's the gold standard, and it starts with the fact that it's uncorruptible, unstoppable, trustless, etc. All the other coins you mention... XLM, Nano, etc. have NO LAYER OF TRUSTLESSNESS. Decentralization is not the same as trust minimization. Since BTC isn't going anywhere.... Since power companies will use it to monetize wasted energy.... Since gas companies are also doing the same, while additionally *minimizing* gas flare offs, which are bad for the environment (further evidence of "demand response" applying to more energy sectors than just electrical)... Since HVAC systems can generate heat in a profitable manner (which is the greatest expense for virtually ALL American homes).... Since corporations and countries will store their reserves in it, since it's the most secure form of money that's ever existed... Why not just use it & the LN, since it's not going anywhere?!? Think about how much waste YOU are contributing to by perpetuating the shitcoin lies that don't even solve the issues of a TRUSTLESS form of money that works regardless what any human does or doesn't do.
The entire energy debate is happening between prime that have no idea how electricity works. For starters, Bitcoin is only using energy that would otherwise be wasted. Power companies themselves can and are using Bitcoin rigs for "demand response" to FURTHER monetize energy that would also be wasted. When used in HVAC systems, at least during the winter times.... The majority of BTC rigs output is converted to heat. So it's possible to mine BTC with just a hair greater inefficiency than a traditional HVAC setup.... except with the mining rig HVAC system, you're paying for electricity and then getting paid in return with BTC. Hold long enough, and you will make more money. The thing is... as people say over and over again... Bitcoin is not NOT going anywhere. There's multiple reasons that it's the gold standard, and it starts with the fact that it's uncorruptible, unstoppable, trustless, etc. All the other clubs you mention, XLM, Nano, etc. have NO LAYER OF TRUSTLESSNESS. Decentralization is not the same as trust minimization. Since BTC isn't going anywhere.... Since power companies will use it to monetize wasted energy.... Since HVAC systems can generate heat in a profitable manner.... Since corporations and countries will store their reserves in it, since it's the most secure form of money that's ever existed... Why not just use it & the LN, since it's not going anywhere?!?
I look forward to holding low cap gems like RAIL, KEEP, and LAYER to high esteem for the now until I get to see other altcoins.
I totally agree with you on this and from experience, I hold low cap gems like RAIL, KALM, and LAYER to high esteem for the now until I get to see others which I'm open to suggestions, and catching them early will be the beautiful part of it.
Digital transactions that can be tracked… YES OF COURSE WHY NOT HAVE ANOTHER LAYER OF PRIVACY PEELED OFF!! If there was only a way to ID wallets now though?
Yes all of my ETH is staking for my future in the CONSENSUS LAYER
LRC. LAYER 2 and NFT will be big in the coming years.
Did you really try to compare Bitcoin to VISA? VISA is not a final settlement financial system. It is yet another LAYER in our current financial structure. I’m glad you bring up their energy cost though because we need to add it to banking costs along with the like of every other payment network. Cash app, Venmo, Amex, discover, MasterCard, PayPal, and on and on and on.
LAYER - fomoed in at $3.20 when altcoindaily talked about it. Lol
Anyone that is looking for a great alternative NEEDS TO LOOK AT XPR (proton blockchain) they have a multi blockchain wallet. They have xtokens where you can send btc, eth, stellar and more all for nothing. There is so much more also! But they have metal pay!! Where you can buy all the well known coins, like ALGO! You can buy right off your debit card and pay nothing and it’s only a 1% fee to sell! METALPAY APP IS THE Way! You can also send money or w.e to your friends for virtually nothing. Think of a PayPal but in crypto and fiat! DO YOURSELF A FAVOR AND LOOK INTO IT AND XPR (PROTON BLOCKCHAIN)!! X-P-R XPR NOT (XRP) XPR!! METALPAY APP! XPR HAS FIat on off ramp coming soon to the NEW WALLET! Webauth.com. They have lend that is in the middle of beta testing! Think of (aave). ITS A LAYER 1! It does 4000tps.
maybe spend some time researching what LAYER 2's are before coming on reddit to hate on a coin you know nothing about
BUT ALGOOOOOO! I MISSED EVERY LAYER ONE PUMP AND PANIC SOLD AL THE DIPS. THIS IS MY ONE CHANCE. Algo!
Is there a YouTube video or channel that breaks crypto terms for dummies? DAO DAX SHARDING DEX LAYER 1 LAYER 2 WTF
LAYER 2 for the win
Hey guys! It’s great to see THE SPECIAL LAYER 2 coin is pumping!
Layer 2 scaling: [`Ethereum LAYER 2 SCALING Explained (Rollups, Plasma, Channels, Sidechains)` by Finematics.](https://www.youtube.com/watch?v=BgCgauWVTs0) AMMs: ['How do LIQUIDITY POOLS work? (Uniswap, Curve, Balancer) | DEFI Explained` by Finematics.](https://www.youtube.com/watch?v=cizLhxSKrAc) Optimistic & ZK rollups: ['ROLLUPS - The Ultimate Ethereum Scaling Strategy? Arbitrum & Optimism Explained' by Finematics.](https://www.youtube.com/watch?v=7pWxCklcNsU)
Well BTC and ETH is layer 1, then your have layer 2 (alts), but the real money is LAYER 3 (memes/pump dumps)! 😎
I don't know which ones the previous person hasn't heard of, but just because this sub doesn't know ANC, SXP, LAYER, or VRA doesn't mean they're not promising. Props to you for embracing small-caps: that's where real money can be made.
To everyone complaining about gas fees on eth: USE A LAYER 2! It is the exact same experience as mainnet except you get faster transaction confirmations and cheaper gas.
Kucoin has lot's of low caps and works for me when charting my major low caps hold like SYLO MTV TEL and LAYER which are listed on the exchange so it depends on what you're looking to chart. If it's BSC scam coins poocoin chart does the trick.
GET - https://coinmarketcap.com/currencies/get-protocol/ BLANK - https://coinmarketcap.com/currencies/blank-wallet/ LAYER - https://coinmarketcap.com/currencies/unilayer/ Also, the KIN KRE benefits App developers by allowing them to monetize their Apps, WITHOUT USING ADS. Everyone hates ads, so its a win-win for the user and App Dev.
Just a bunch of low caps, mid caps and the obvious big caps. Among the low to medium caps I've got VRA ERGO LAYER and my favorite ARA tokens of Arablocks
I hold matic and solana and all i am seeing is a concentrated effort to pump matic and smear solana, heres the thing though. SOLANA IS A LAYER 1 AND MATIC IS A LAYER 2 THEY ARE NOT FUCKING COMPARABLE
Good breakdown of Layer 1 vs Layer 2 (courtesy of KuCoin) in case you are confused like me: "You go to Starbucks and order a cup of coffee. You pay with your Visa card. In that same hour or day, thousands of people may get a Starbucks cup of coffee anywhere in the world. Settling each of these numerous microtransactions would clog the network within minutes. Therefore, Visa groups them into blocks or batches and settles them through the banking system in regular intervals, such as once a week or even once a month. The banks then settle who owes what to whom through the so-called settlement layer, an interbanking system of obligations. Can you recall so-called Clearinghouses? That’s what they do. An example would be the United States of America’s Fedwire. A similar analogy applies here. The Lightning network is a protocol that would serve as the transaction layer. Millions of smaller transactions would be bundled together and then settled at once on the settlement layer – the Bitcoin network. Therefore, the Lightning network (LAYER 2) is Visa and the base (Bitcoin) layer is Fedwire (LAYER 1)."
Came here to say this, watch the heck out for the 7 LAYER DIP!!
Hopefully this doesn't get buried. 'Ethereum 2.0' will not fix speed or cost of layer 1, they depends e tirely on layer 2 solutions for that now and its time to accept that and start using layer 2s. Ethereum: -- the high fees are likely to continue functionally forever on L1, the road map for ethereum depends entirely on L2 solutions like Matic for speed increases, and sharding is now dedicated to data availability increases as opposed to execution speed increases (ie: even when full sharding is out, the shards will be more for Layer 2 data availability then speed, though there will be a speed increase aswell..) -- You and everyone else needs to bridge over to L2 as soon as possible and then never leave it. L1 is going to be the place where the whales play, and layers 2s are settled. If you wait a couple more weeks Matics network won't even need to be bridged to from places like coinbase, you will be able to buy tokens there and deposit them directly to a polygon wallet, bypassing the layer 1 bridge fees. This will get easier and cheaper with time. -- ETHEREUM LAYER 1 IS NOT PLANNING TO SCALE SUCH THAT PEOPLE ARE INTENDED TO USE IT FOR DIRECT SMART CONTRACT INTERACTION, USE LAYER 2 MATIC: --Matics current offerings (PoS commit chain and Plasma), are the cheapest form of L2 around, but suffer from less decentralized consensus then 'proper' solutions like Arbitrum. If you have ever used BSC, then know that even the above solutions are around 5x as decentralized as that (21 validators VS 100 validators for matics pos). Fees are unbelievably cheap and the defi environment here thrives. -- Matics road map is focused on zk proof l2 solutions for the future. They have merged with the Hermez team and will be using their tech to launch a zk proof based solution to add to their existing arsenal. This is the current cutting edge form of scaling for ethereum, as it decreases costs but still settles everything layer 1, making it a fully decentralized solution. -- matic plans to en corporate every form of scaling for ethereum, so when Validiums and the like finally become non theoretical, they will probably be adding those aswell. Matic has the funds and the connections to keep growing in tech, and will not be stagnating for a long time. -- one unique thing about Matic is they have an additional layer within their ecosystem that allow the different types of scaling solutions to not lose composabikity, meaning no matter what scaling solution you are using within their massive network, it will have access to the liquidity and services provided by any of the other types of scaling. As far as I'm aware this is very unique to them, and has far reaching effects within the environment for usability and profit. -- at this point interoperability between layer 2 solutions is getting so good, you won't ever need to exit to layer 1 ethereum as a user unless you want to solo stake. HOP exchange and similar services are popping up all over. Soon enough you probably won't even know or care which solution you're using and where (eventually.. I think this will take a year more personally) Polygon isn't going anywhere, and instead of you needing to just wait for eth 2 to get cheap fees.. You need to get off layer 1 to get cheap fees, and that ain't gonna be changing in ethereum ever. The fees are gonna stay high on layer 1 for all time.
Hopefully this doesn't get buried.. We got a lot to clear up as the road maps for both Ethereum and Matic are misunderstood in this thread a number of times. 'Ethereum 2.0' will not fix speed or cost of layer 1, they depends e tirely on layer 2 solutions for that now and its time to accept that and start using layer 2s. Ethereum: -- the high fees are likely to continue functionally forever on L1, the road map for ethereum depends entirely on L2 solutions like Matic for speed increases, and sharding is now dedicated to data availability increases as opposed to execution speed increases (ie: even when full sharding is out, the shards will be more for Layer 2 data availability then speed, though there will be a speed increase aswell..) -- You and everyone else needs to bridge over to L2 as soon as possible and then never leave it. L1 is going to be the place where the whales play, and layers 2s are settled. If you wait a couple more weeks Matics network won't even need to be bridged to from places like coinbase, you will be able to buy tokens there and deposit them directly to a polygon wallet, bypassing the layer 1 bridge fees. This will get easier and cheaper with time. -- ETHEREUM LAYER 1 IS NOT PLANNING TO SCALE SUCH THAT PEOPLE ARE INTENDED TO USE IT FOR DIRECT SMART CONTRACT INTERACTION, USE LAYER 2 MATIC: --Matics current offerings (PoS commit chain and Plasma), are the cheapest form of L2 around, but suffer from less decentralized consensus then 'proper' solutions like Arbitrum. If you have ever used BSC, then know that even the above solutions are around 5x as decentralized as that (21 validators VS 100 validators for matics pos). Fees are unbelievably cheap and the defi environment here thrives. -- Matics road map is focused on zk proof l2 solutions for the future. They have merged with the Hermez team and will be using their tech to launch a zk proof based solution to add to their existing arsenal. This is the current cutting edge form of scaling for ethereum, as it decreases costs but still settles everything layer 1, making it a fully decentralized solution. -- matic plans to en corporate every form of scaling for ethereum, so when Validiums and the like finally become non theoretical, they will probably be adding those aswell. Matic has the funds and the connections to keep growing in tech, and will not be stagnating for a long time. -- one unique thing about Matic is they have an additional layer within their ecosystem that allow the different types of scaling solutions to not lose composabikity, meaning no matter what scaling solution you are using within their massive network, it will have access to the liquidity and services provided by any of the other types of scaling. As far as I'm aware this is very unique to them, and has far reaching effects within the environment for usability and profit. -- at this point interoperability between layer 2 solutions is getting so good, you won't ever need to exit to layer 1 ethereum as a user unless you want to solo stake. HOP exchange and similar services are popping up all over. Soon enough you probably won't even know or care which solution you're using and where (eventually.. I think this will take a year more personally) Polygon isn't going anywhere, and instead of you needing to just wait for eth 2 to get cheap fees.. You need to get off layer 1 to get cheap fees, and that ain't gonna be changing in ethereum ever. The fees are gonna stay high on layer 1 for all time.
Good breakdown of Layer 1 vs Layer 2 (courtesy of KuCoin) in case you are confused like me: "You go to Starbucks and order a cup of coffee. You pay with your Visa card. In that same hour or day, thousands of people may get a Starbucks cup of coffee anywhere in the world. Settling each of these numerous microtransactions would clog the network within minutes. Therefore, Visa groups them into blocks or batches and settles them through the banking system in regular intervals, such as once a week or even once a month. The banks then settle who owes what to whom through the so-called settlement layer, an interbanking system of obligations. Can you recall so-called Clearinghouses? That’s what they do. An example would be the United States of America’s Fedwire. A similar analogy applies here. The Lightning network is a protocol that would serve as the transaction layer. Millions of smaller transactions would be bundled together and then settled at once on the settlement layer – the Bitcoin network. Therefore, the Lightning network (LAYER 2) is Visa and the base (Bitcoin) layer is Fedwire (LAYER 1)."
Dyor is the first rule to apply in the game.. currently researching on a couple of low caps, LAYER, MUSE and SYLO. Any thoughts?
LAYER FTM VRA eXRD CKB
BTC, ETH, ADA, ERG, LAYER, FTM, CKB Got my eye on 2-3 more, so I'll probably max out at around 10ish.
No wonder NFTs are the digital diamonds these days! And just to add. For NFT games - here are the most traded NFT projects with low caps https://twitter.com/NFTDaily/status/1419900608958681092 [$ANRX](https://anrkeyx.io/landing) [$LAYER](https://unilayer.com/) [$FEAR](https://www.fearnft.games/) $MOMA $REVO $BSCS
Sol literally is the solution Ethereum will have its use cases. BUT, Solana will be for the NYSE. Its why pyth has chosen solana as its blockchain. Pyth has partnered with the biggest price feeds from the stock markets of any oracle. Ethereum is too slow to handle the NYSE. Even with sharding, one shard will only be able to handle a few tps. You would have to have the entire exchange on one shard in order for it to work together seamlessly. NYSE is 700-800k tps. This is what solana was built for. Solana currently 59k+ tps. .4 ms blocktimes. Each with plans to move to 1 million + tps and .15 ms blocktimes. Huge developer support. 13k developers submitted 300+ projects in the last hackathon. Huge funding 314 million raised recently. Decentralized with 700+ nodes. ALL LAYER 1, no sharding which makes dapps easier to run. Solana software dev kits for C++, Java, Python, Go, Rust, etc. Looking back, it will be the obvious choice.
What the fuck are you talking about son... there is no LAYER 0 network... you high on something?
Bitcoin is a LAYER 2.. I Won!!
Thats why one got to check the best LAYER 2 network the one whose token everyone is using DAI. xDAI network which also almost won reddits scaling solution. Their token in STAKE which is due to breakout. Its the most decentralized L2
*buys dip* WELCOME TO LAYER 7 of 8!
OMG Network (not OmiseGO anymore) is an actual L2 and a childchain . It uses Ethereum security and consensus. matic/polygon IS NOT A LAYER 2 - despite what everyone is constantly saying. It is a SIDECHAIN and SIDECHAINS are not L2s. Sidechains are their own chain that run parallel to Ethereum and rely on their own security. From a security and decentralization perspective, sidechains are inferior to L2s.
MATIC CLEAR FOR NEXT LAYER TAKEOFF. copy... 👨🚀👩🚀
So many people complaining about gas fees don't realize this! **LAYER 2 SCALING SOLUTIONS ARE ALREADY HERE PEOPLE!** Polygon, Loopring, OMG Network, ZKSwap, Skale, etc... Pick one and swap on ETH for next to nothing
$LAYER , built on top of Uniswap that enables key features for professional-level trading with its LAYER utility token, focusing on automated swaps and liquidity management, flash staking, charts and analytics, live order books, and a lot more.