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RE: Hive-Engine Diesel Pools: Tips and Tricks

in LeoFinance2 years ago

ETH has many issues (especially with the high fees) because of having smart contracts at L1 and having all the nodes to run all of them, regardless of the type of smart contracts. That's why all the L2 EVM chains came into existence which had the main mission, at first, to be the low-fee alternative to Ethereum.

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Understood. And long known.

"... That's why all the L2 EVM chains came into existence ..."

Do you agree without some of the functionality of ETH, these blockchains would not exist? Certainly not in their present form?

None of the copycats would exist without EVM, and L2 chains wouldn't exist without Ethereum.

But that doesn't mean smart contracts at L1 was a good idea. They just can't reverse course from this software architecture, too much has been built using L1 smart contracts on Ethereum and the EVM copycats. And they probably won't admit smart contracts at L1 was a bad idea, just like bitcoin maxis don't see anything else but bitcoin.