While this is a bullish indicator for Ethereum and the value it’s able to provide, it also renders the network unusable for those who can’t afford paying tons of ETH in gas fees. There’s crazy demand for Ethereum block space these days, and users have no qualms about bidding up the price of this valuable ‘digital real estate’-paying high gas fees to get their transactions included.
#L2 clicker bot full#
The protocol allows users to transact without gas cost and without delay while still enjoying the full self-custodial security of Ethereum. Loopring is an Ethereum zkRollup protocol: a secure layer 2 scaling solution.
Guest Writer: Matthew Finestone, Head of Business at Loopring
Here’s how you can save tons on gas fees by using Loopring. We may live our entire DeFi lives on L2 before long, so we should get familiar now. Optimism launched last week with Synthetix and Loopring has been upgrading their protocol to support all the cool stuff we have on the base layer-AMMs, yield farming, a carnival of DeFi. That’s not possible if the small players are crowded out.Īnd that’s what we’re starting to see L2’s are coming into fruition. The bankless vision is to democratize access to trustless financial services, for everyone. I know in the long-run they are a good thing.īut for the average person using DeFi in the here and now….they suck. I know they’ll make ETH a better store-of-value. I know they help to spur layer 2 scalability. I know they prove Ethereum’s product-market fit. Yes, I know without them Ethereum wouldn’t be possible.
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