Once layer 2 is decentralized we can have some very powerful, trusted smart contracts to do all the things blockchains like Ethereum can do, except we can do it with zero fees.
I thought, layer 2 is already decentralized and we just need to promote usage of it. Isn't that true ? If not, is there a plan to get it done soon ?
Layer 2 cannot meddle with historic data, but atm, with few to one node, layer 2 is vulnerable to in the moment attacks. We are currently working with the Hive-Engine team to create a mutlienode system and what is being drawn up is simply amazing. Will share soon once things are more polished and presentable. But coding is actively underway.