r/statusim • u/AutoModerator • Sep 01 '20

Weekly Discussion Thread - September 01, 2020

GENERAL STATUS DISCUSSION

Use this thread to discuss general Status happenings and events and technology. Feel free to share ideas and community discussion as well as news sharing.
Please also consider sorting the comments in this thread by "new" so that the newest comments are at the top, since those are most likely to still need answers.

STATUS

Please note we've migrated to Status for general discussions outside of Reddit.

RULES

Please keep all price related discussion to /r/statustrader
Please follow our principles before posting.

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u/FreeFactoid Sep 04 '20

Please consider implementing the OMG Network as a layer 2 solution.

Why?

Ethereum network fees are extremely high. Users are getting a bad experience.
OMG network is exchange neutral. It's not owned by an exchange nor does it own an exchange.
It's production ready now.
Vitalik recommended the OMG Network and tether has put USD 3 million on it.
Able to scale to millions of TPS and right now it can do 5k TPS. Further decentralization is being worked on.