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RE: Brendan Eich Says Blockchain Is a Wrong Tool For Task and He Knows About Hive

in LeoFinance4 years ago

Edit feature on Hive only really works for correcting and updating posts imo. Bullies will dig up the previous revisions and bully like they bullied Justin Sun a year ago.
It is true that you can build new apps and features on L2 but why would you use Hive? I see no incentive to maintain my own custom-made L2 for Hive when I could as well host my dapp on an existing smart contract blockchain project without Hive.

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Because Hive has feeless 3 second transactions. On Ethereum you need have to spend Gas to use the network, which costs a lot of money at the moment, and probably more and more as ETH value increases. Hive has a Resource Credit system. Just stake some Hive and automatically earn RCs that can be used for transactions.

Posted Using LeoFinance Beta

Hive transaction being fast and cheap does not automatically make your L2 transactions fast and cheap. L2 transaction fees depend on how you reward your L2 validators / block producers. I don't think your app is a dapp if L2 validation is centralized.
There are also cheaper Ethereum compatible chains like BSC, TRON, ETC