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.
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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.