Post by account_disabled on Dec 19, 2023 2:07:05 GMT -6
It is a new form of technology for storing data. Outstanding in terms of transparency can be checked Therefore, people are starting to apply Blockchain to the financial industry. cause to be Decentralized Finance (DeFi) or “decentralized finance” and with its increasing popularity This causes developers to encounter problems in conducting transactions on the blockchain. Both transaction fees are more expensive. Or what people in the industry call "gas fees" including processing delays. For blockchain users, you will find that the initial blockchain (Layer 1) is stuck in the Blockchain Dilemma framework with 3 basic principles: Security, Scalability, Expansion, and Decentralized. Decentralization, which Blockchain is in use today Still, these 3 elements cannot occur simultaneously, thus causing limitations in using Blockchain.
Which is the starting point of Layer 2. Ms. Francesca Russo, founder of Crypto Meetup Thailand, therefore organized a Crypto activity. , NFT & Beers, a community that promotes learning about Telegram Number Data cryptocurrencies. (Cryptocurrency) on the topic “THE CHAIN WAR, what happens when Layer 2 is not as good as expected?” with the honor of famous influencers giving knowledge. Both Mr. Sittiphon Panwilai or "Noonaei", owner of the blog nuunoei.com and Software Engineer, owner of Apetimism work on the Optimism Chain network, together with Mr. O Oranwut Leepaisansuwanna. Blockchain team leader from SCB 10X, an experienced developer, and Mr. Tod Natthaphon Nimakul, CTO from Satoshi Company Limited, a new financial platform provider under the brand "Koolap", came to answer questions about With Blockchain layer 2, will it be able to solve Pain Point Layer 1 or not? What happens if Layer 2 isn't as good as you think.
Layer1 didn't work as expected, Ethereum was actually born from the concept of Bitcoin, but solving the problem in different parts. Bitcoin solves the problem of Cash Money by creating a system that can send money at a global level more easily without having to go through an intermediary. But due to some development difficulties, Ethereum was born. There is also the problem of Blockchain Dilemma, which normally can do only 2 out of 3 things, focusing on Security and Decentralized, but Scalability is not there yet, or simply put, transactions will still be slower than transfers through banks at present. Ethereum also has this problem. This led to the development of Layer 2 to solve the problem of Scalability because the Ethereum team knew that if they solved all 3 parts completely by working on Layer 1 alone, it would create more problems than good results.
Which is the starting point of Layer 2. Ms. Francesca Russo, founder of Crypto Meetup Thailand, therefore organized a Crypto activity. , NFT & Beers, a community that promotes learning about Telegram Number Data cryptocurrencies. (Cryptocurrency) on the topic “THE CHAIN WAR, what happens when Layer 2 is not as good as expected?” with the honor of famous influencers giving knowledge. Both Mr. Sittiphon Panwilai or "Noonaei", owner of the blog nuunoei.com and Software Engineer, owner of Apetimism work on the Optimism Chain network, together with Mr. O Oranwut Leepaisansuwanna. Blockchain team leader from SCB 10X, an experienced developer, and Mr. Tod Natthaphon Nimakul, CTO from Satoshi Company Limited, a new financial platform provider under the brand "Koolap", came to answer questions about With Blockchain layer 2, will it be able to solve Pain Point Layer 1 or not? What happens if Layer 2 isn't as good as you think.
Layer1 didn't work as expected, Ethereum was actually born from the concept of Bitcoin, but solving the problem in different parts. Bitcoin solves the problem of Cash Money by creating a system that can send money at a global level more easily without having to go through an intermediary. But due to some development difficulties, Ethereum was born. There is also the problem of Blockchain Dilemma, which normally can do only 2 out of 3 things, focusing on Security and Decentralized, but Scalability is not there yet, or simply put, transactions will still be slower than transfers through banks at present. Ethereum also has this problem. This led to the development of Layer 2 to solve the problem of Scalability because the Ethereum team knew that if they solved all 3 parts completely by working on Layer 1 alone, it would create more problems than good results.