1/ Funny to see all the hate from ETH maxis recently.
Their time would be better spent trying to convince users to move from Ethereum L1 to Rollups rather than attack other L1s. If they can't do that with $100+ gas fees then what does that say about the current state of rollups?
Their time would be better spent trying to convince users to move from Ethereum L1 to Rollups rather than attack other L1s. If they can't do that with $100+ gas fees then what does that say about the current state of rollups?
2/ "Your chain is centralised"
Avalanche doesn't compromise on decentralisation, has over 1100 validators, & its breakthrough consensus can scale the active validator set rather than limited to a small number of validators/ committee & sub second finality
cryptoseq.medium.com
Avalanche doesn't compromise on decentralisation, has over 1100 validators, & its breakthrough consensus can scale the active validator set rather than limited to a small number of validators/ committee & sub second finality
cryptoseq.medium.com
3/ Meanwhile Rollups are centralised currently, permissioned networks with a single sequencer, have admin keys with a promise to decentralise later. What happened to not compromising on decentralisation? Especially dangerous considering the increased scrutiny from regulators
4/ All EVM Chains are limited by state growth, this is the same for EVM rollups like Arbitrum, Optimism etc. A single rollup provides no performance increase over L1 Ethereum without compromising decentralisation.
youtu.be
youtu.be
5/ If all the transactions from Ethereum moved to an Arbirtum rollup you would have the same high gas fees on the Arbitrum rollup. Rollups scale my running many rollups in parallel, but this further fragments the ecosystem / breaks composability, as does multiple L1s.
6/ ZKRollups are more promising than Optimistic rollups, but still the tech is unproven, doesn't have full EVM support, high compute cost to calculate proofs and still slower finality than some L1s (from anywhere from 10 minutes to 10 hours compared to 1 week with optimistic)
7/ Avalanche is 14 months since mainnet, we are just scratching the surface of its potential currently and AvalancheV2, subnets, pruning and many other upgrades to come. It's pointless comparing the current state of Avalanche to 5 + years later with another project.
8/ Rollups are not specific to Ethereum, they can work on any EVM chain. Avalanche's fast finality, ability to support a large validator set and horizontal scalability through subnets make it a great platform for rollups as well as other L1s.
9/ There is not one single solution for every use case though. Some solutions may not need high security & want zero gas fees with an application specific blockchain, enterprises may have strict requirements for who can run a validator due to compliance reasons,
10/ others may need that fast finality that rollups can't provide. Others may not want a small number of people controlling an admin key with the ability to deploy a malicious contract upgrade for the rollup and steal the funds and prefer to deploy on L1 instead.
11/ Avalanche provides a highly customisable platform for any use case / tech. Whether that be ZKRollups using DA on the primary subnet / many other subnets specifically designed that have been optimised for high throughput DA rather than a slow L1 to start with.
12/ Some with higher security and more expensive, some with lower security and cheaper fees. Whether that be application specific blockchains that don't need high security and want the cheapest fees / lowest latency without waiting for proofs.
13/ Whether that be a subnet with 1 chain, or many blockchains within a single subnet providing shared security or Enterprises needing permissioned blockchains, regulatory compliant subnets requiring validators hold a certain license or be located within a certain jurisdiction
14/ The ability to use any custom VM - EVM, WASM, AVM, Privacy VM etc, whether they want a DAG or a linear blockchain, Layer1, Layer2, permissioned, semi-permissionless or permissionless, it doesn't matter, the choice is theirs.
15/ And they get to plug in Avalanche consensus to benefit from the high throughput, sub second finality and ability to scale to millions of validators and not compromise on decentralisation.
16/ This whole space is still incredibly early, the technology continues to advance at a blistering pace, thanks to healthy competition between different L1s and L2s and the consumer wins with more choice.
17/ Ethereum is currently overloaded,without other L1s taking load off Ethereum, just think how cost prohibitive it would be then. Stifling innovation, unable to afford to deploy smart contracts, or fail to attract the vast number of users that have recently discovered crypto
18/Yes people get upset when another token price goes up and there's doesn't, but just think of the bigger picture.
The true fight is about blockchain vs everything else.
The true fight is about blockchain vs everything else.
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