Please bear with me on this idiotic question.. my question is why would web3 participants want L1s (ETH, Solana, FTM, etc.) to increase from a practical perspective? Want to put speculation aside and focus on use case.
As we saw with ETH, the price explosion coupled with the high demand has caused gas prices to be exorbitant, almost unusable. If market price of ETH was lower, then gas would be lower, and that would be positive for devs/users. Several L1s have popped up to resolve the gas issue, and everyone similarly wants the price to explode. However, should the price explode, then it could have the same issue as ETH1 today to some degree?
In ETH2, sharding should make transactions cheaper. How should this impact price?
Which L1 do you think are the winning platforms?
I'm sure i'm missing something obvious so thought i would post the question here to you lovely folks.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments