Bankless Refuting L2 Fud & State of Arbitrum | Steven Goldfeder
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Sep 17, 2024 Steven Goldfeder, Co-founder of Arbitrum and blockchain expert, joins to tackle the myths surrounding Ethereum's Layer 2 solutions. He discusses how Arbitrum and Ethereum can collaborate for better scalability rather than competing. Key topics include the decentralization of Arbitrum's Sequencer, the impact of recent innovations like Stylus, and how these advancements are attracting a wave of new developers. Goldfeder also shares insights on the future of governance and the synergy between traditional finance and blockchain technology.
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L1-L2 Symbiosis
- Arbitrum and Ethereum have a symbiotic relationship, with each needing the other to thrive.
- They are part of a larger entity, like states within a country.
L2 Wins = Ethereum Wins
- A win for any layer two, including Arbitrum, is a win for Ethereum as a whole.
- Layer twos are crucial for Ethereum's scalability and competitiveness.
DeFi on L2s
- DeFi users have diverse needs and transaction volumes.
- Layer 2s like Arbitrum cater to a wider range of users, including smaller traders priced out of Layer 1.