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Crypto scaling upcoming mania explained: Multi-chain world incoming! - Part 2
Dave Levine Dot Com Crypto Market Mania is coming:
The video starts with a prediction of a new crypto mania, suggesting that mainstream interest (including from non-traditional investors like Uber drivers and family members) will rise. The speaker advises that this is the time to sell, as early investments would have already been made, presumably in 2022, or should be made soon.
Focus on Layer 2 Blockchains:
The speaker explains the significance of Layer 2 blockchains in scaling the blockchain networks. These are essentially networks built on top of Layer 1 blockchains (like Ethereum) to enable faster and cheaper transactions.
All Blockchains (except for Solana) scale in a similar way:
Layer 2 solutions are described metaphorically as 'batch processing' or 'reselling of trust.' These solutions, like Optimism or Arbitrum on Ethereum, process multiple transactions as a batch and then settle them back to the Ethereum blockchain. This method offers faster and cheaper transactions while still maintaining trust through Ethereum.
All Blockchains (except for Solana) scale in a similar way: Avalanche subnets
Avalanche has subnets
Near has shards
Bitcoin has lightning network and working on other methods
Polygon and Cosmos has a multi chain network
Solana is the only Chain trying to scale all on one chain.
Ethereum's Dominance and Investment Potential:
Ethereum is portrayed as the dominant Layer 1 blockchain with the most developed Layer 2 solutions, making it a safer and potentially more profitable investment.
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