Bankless The Trillion Dollar L2 Opportunity | Part One
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May 4, 2022 This conversation dives into the trillion-dollar potential of Layer 2 solutions in the crypto landscape. The hosts discuss how these technologies can revolutionize transaction speed and costs, while exploring fee dynamics and the impact on Ethereum. They delve into how EIP 1559 and Layer 2 could enhance Ether's value, making it a deflationary asset. With an upcoming 'Layer 2 summer,' they envision a new era of innovation and economic activity in decentralized finance. The excitement builds as they prepare for part two, hinting at even more opportunities ahead!
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L2s Benefit L1
- Layer 2s are not parasitic to Ethereum but rather additive.
- They create new economic activity that ultimately benefits the Layer 1.
L2s as US States
- Ryan Adams compares L2s to US states, contributing to the overall GDP.
- Like states, L2s have autonomy but benefit from shared security and currency.
Migrate to L2
- Investigate and choose a Layer 2 now before the rush.
- Migrating to L2s is inevitable due to rising L1 costs.