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RE: Brendan Eich Says Blockchain Is a Wrong Tool For Task and He Knows About Hive

in LeoFinance4 years ago

Because Hive has feeless 3 second transactions. On Ethereum you need have to spend Gas to use the network, which costs a lot of money at the moment, and probably more and more as ETH value increases. Hive has a Resource Credit system. Just stake some Hive and automatically earn RCs that can be used for transactions.

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Hive transaction being fast and cheap does not automatically make your L2 transactions fast and cheap. L2 transaction fees depend on how you reward your L2 validators / block producers. I don't think your app is a dapp if L2 validation is centralized.
There are also cheaper Ethereum compatible chains like BSC, TRON, ETC