pseudo (on farcaster) πŸ“œπŸ‡ΊπŸ‡¦
pseudo (on farcaster) πŸ“œπŸ‡ΊπŸ‡¦

@pseudotheos

7 Tweets 2 reads Mar 04, 2023
Regardless of bridging capabilities (whether it be by Chainlink CCIP, Layer Zero, or another protocol), enshrined rollups in a singular L1 is a better model with fewer security assumptions.
Layer Zero security assumptions, for example:
This being said, upcoming bridge capabilities (as with CCIP) are better than the implementations discussed in the previous thread, but remain inferior to enshrined/immutable rollups.
As far as socioeconomic factors go, it's unlikely that chains will remain as fragmented as they are now, and cross-chain applications will be less necessary.
Significant liquidity will end up coalescing into a small number of chains (probably no more than 3-5) as the market matures, protocols move towards sustainable models, and VC war chests dry up.
Potential attack surfaces have to be minimized if crypto is to become the global settlement layer, and one way is by reducing complexity.

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