Your Chosen "Ethereum Killer" Is Going To Be Eaten By Ethereum Layer 2s, It Just Doesn't Know It Yet

This idea was recently popularize by twitter user https://twitter.com/epolynya

With the launch of two Layer 2 scaling solutions, Optimism and Arbitrum, it is now a false equivalency to be comparing your chosen layer 1 blockchain to Ethereum.

Eventually, the average Ethereum user will not interact with layer 1, therefore the layer 2s will be processing the bulk of activity on the chain.

When you look at Solana/BSC and see amazing TPS and cheap fees, you must compare that to what Eth layer 2 scaling solutions can handle(which is much, much more than Solana).

Once the miniscule and instant transactions of layer 2 Ethereum draw you in, you can rest easy knowing that you've just transacted on one of the most Decentralized blockchains available today.

Solana, BSC = Monolithic blockchain = trying to do everything in one layer = centralization

Ethereum = Modular blockchain = splitting up tasks into layers = preserve decentralization

" Anything any monolithic blockchain (L1) can ever do, a single zkRollup can do it significantly (>10x) better. And there can be hundreds or thousands of zkRs interoperating relatively seamlessly. "

A zkRollup is a technique in which transactions are batched off-chain and settled on-chain. Put more simply, it is a much more efficient usage of block space on Ethereum Layer 1.

Instead of 1 transaction taking up 1 transaction worth of block space, Layer 2s allow for many transactions to occupy that space.

Add on to this that there can be "hundreds or thousands" of rollup projects operating at the same time, and modular blockchains have solved scalability and thus have solved the Scalability Trilemma

Ethereum, Tezos, Cardano, and others have seen that monolithic architecture is extremely limiting in the long-term, even if it provides short-term advantages.

What's more, monolithic blockchains are more likely to pivot to becoming rollups for Ethereum than they are to kill it.

Once projects realize that all the users are on Ethereum, they will understand that the best decision they can make to improve their project is to pivot away from being their own monolithic chain.

The future lies in Modular Blockchains.

For more reading check out: https://polynya.medium.com/rollups-data-availability-layers-modular-blockchains-introductory-meta-post-5a1e7a60119d