Bell Curve
Are L1s Converging on the Same Design? | Roundup
Aug 9, 2024
Dive into the political shifts affecting crypto as Kamala Harris rises in prediction markets. Discover Ripple's pivotal SEC victory and what it means for the industry. Explore the evolving landscape of cryptocurrency regulation and the future of Layer 2 solutions. Hear insights on the internal debates within the Ethereum community and whether crypto opportunities are running dry. Plus, reflections on the market’s transformation as institutional investment takes center stage.
46:28
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Quick takeaways
- Layer 1 blockchains are converging towards similar designs and commoditization, shifting value upward to application layers above them.
- The political landscape significantly influences cryptocurrency markets, with upcoming leadership choices potentially shaping future regulatory policies.
Deep dives
Long-Term Trends in Layer 1 Blockchains
Layer 1 blockchains are anticipated to converge towards similar designs, leading to their commoditization as time progresses. The value derived from these blockchains is expected to move up the stack, meaning that various applications built on top might become more significant than the underlying layer itself. While this trend may frustrate enthusiasts of different ecosystems, the prediction highlights that the competitive dynamics will ultimately settle into a stable phase. In the long run, it is suggested that the current trading activity of Layer 1s may trade sideways indefinitely, indicating a maturation phase in this space.
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