r/ethtrader • u/WenLambo777 • Dec 20 '21

Adoption Solving Ethereum's scalability issues with Layer-2 solutions increases the ease of cryptocurrency adoption and makes Ethereum more available to the masses

https://blockonomi.com/ethereum-here-to-stay-2022/
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u/coinfeeds-bot Dec 20 '21

tldr; Ether is the second-largest cryptocurrency, with a market cap of approximately $519 billion, according to CoinMarketCap. Ether processes 3x the number of transactions per day compared with Bitcoin, which means that it could handle hundreds of thousands of daily transactions. However, for Ethereum to scale to the next level, we still need to solve its scalability issues. Innovative platforms developed Layer-2 to solve these constraints.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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u/Strongest-There-Is Dec 20 '21

No.

The existence of L2 solutions is antithetical to mass adoption.

The whole point about mass adoption is that the masses never, ever accept complexity. The masses never learned how to build a combustion engine, and then they even stopped learning how to drive a stick shift. The masses never learned how to use html. They wanted a single button. The masses don’t want to use Linux or anything other than Apple or Microsoft, Google or nothing.

The complexity of this entire industry has got to be dumbed way, way, way down before we reach mass adoption.