Why Are Layer 2 Solutions Perfect for Scaling Blockchains – Jaynti Kanani, Emin Gün Sirer, Jack O’Holleran & Marek Olszewski
– Scale, Flexibility, & Governance are the three biggest aspects for considering blockchain.
– We already live in a reality with an internet of blockchains.
– People are intimidated by public and private keys and we need solutions to mitigate this.
– It takes no effort to take geth and run it on centralized machines, but this is what people are calling a scalability solution.
– The industry will get hot over the next year.
– There is a battle around exactly what the definition of a Layer 2 and the differences between Layer 1 and Layer 2 are hard to discern
– Many people create layer 2 solutions with a good heart but end up issuing a token and asking for money.
About Global DeFi Summit
Produced by Blockchain Venture Studio Draper Goren Holm, the Global DeFi Summit is 2021’s leading annual gathering of DeFiers in the blockchain and cryptocurrency community. The inaugural one-day event brought you an unparalleled group of DeFi innovators and change-makers who shared their stories about how they are defining the next era of global finance.
DISCLAIMER
This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial or other advice.
Nothing contained on here constitutes a solicitation, recommendation, endorsement or offer by Draper Goren Holm or any third-party service provider to buy or sell any securities or other financial instruments whatsoever.