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 ðŸ˜
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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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gFam.live (UrbanGladiator)
@gfam
To add to the comments already here. Blockchains like BTC and ETH can super high transaction fees for every transaction. An L2 basically collects and batches up a bunch of transactions and submits them as one transaction on the L1 chain (ie, ETH) and shares the gas fee amongst all the transactions - making it cheaper. L2s sometimes find themselves with a bunch of cash from their token sales, so they try to incentivize people to market their chain, but there's absolutely no need to be loyal to any single one. 9000 $HUNT
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Naomi
@afrochicks
your explanations have been my favorite so far hahah
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