It is also a use case for the coins at the base layer, something that gets overlooked. People talk about $HIVE skipping the fact that we are going to require some in LPs to simply transact financially.
We have the security, we have the transaction speed, 1 block irreversibility, HBD to get risk-off, and no transaction fees. Talking about perfect conditions for a wrapped coin.
That is how I view it. As long as the node system that is running/housing the wrapped token is decentralized, which they are talking about, then we are eliminating the 3rd part risk on that layer also.
The endless debate about Second Layers and their setups is so redundant. You need a base layer able to handle the settlements fast, cheap, secure. Everything in the history of humanity had to win in these categories. A Layer 2 should be like a Business, Layer 1 is at constant war with everything else in the world.
It comes down to this: Faster - Cheaper - Harder
It was true for Persia, the Venetian Empire, and still true today in modern warfare. It's what makes or breaks an empire or a monetary system.
Liquidity has to have depth. That is the biggest thing.
That is so true, and not only for this case. Liquidity is the stuff dreams are made of.
It is also a use case for the coins at the base layer, something that gets overlooked. People talk about $HIVE skipping the fact that we are going to require some in LPs to simply transact financially.
We have the security, we have the transaction speed, 1 block irreversibility, HBD to get risk-off, and no transaction fees. Talking about perfect conditions for a wrapped coin.
That is how I view it. As long as the node system that is running/housing the wrapped token is decentralized, which they are talking about, then we are eliminating the 3rd part risk on that layer also.
The endless debate about Second Layers and their setups is so redundant. You need a base layer able to handle the settlements fast, cheap, secure. Everything in the history of humanity had to win in these categories. A Layer 2 should be like a Business, Layer 1 is at constant war with everything else in the world.
It comes down to this:
Faster - Cheaper - Harder
It was true for Persia, the Venetian Empire, and still true today in modern warfare. It's what makes or breaks an empire or a monetary system.