Naomi
@afrochicks
guys i have been in crypto for 3 years and things are still TOO complicated please let me test your products and give honest feedback on how to make it at least sound simpler cos i have an actual crypro use case which i know your products can solve but im tired of feeling stupid all the time here 😭
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Naomi
@afrochicks
4. l2s i still dont really understand what an l2 is and why it matters that its an l2 and why so many launch all the time also dont get if youre meant to be loyal to chains and layers as a creator ive created on tiktok, instagram , youtube etc so why should i only create on one chain or layer ? just wondering if layers want loyalty or more users
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Fran
@0x99fran
What is an l2? It is a reseller of l1 blockspace. They take user transactions and compress them so they can fit more of them into an l1 block. This makes the average fee per transaction much lower than submitting directly to the l1. Why be on an l2? (1) vs the l1 it is cheaper with minimal loss in security depending on the way the l2 is built (2) vs an alternative l1 you can usually get better security as alot of alt l1s arent particularly secure or robust (can check https://l2beat.com/scaling/summary for risks) Are you meant to be loyal? Its more that since each l2 can be somewhat customized. They have different “vibes” some have alot of defi, some are more for games, some are art focused. They can also choose to prioritize or make cheaper certain transactions to encourage that activity. Usually you just end up using an l2 more than another due to this.
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