@apoorvsadana@0xMarcB@implied_vol@andyyy@mteamisloading@chainyoda Only chains that agree connections with the scam chains will be affected, **NOTE: the agg layer gives all participating chains a choice to interact with which ever chain you like, so if you happen partner with a scam chain , that is bad luck for the chain,
@apoorvsadana@0xMarcB@implied_vol@andyyy@mteamisloading@chainyoda yes it cant check, but that doesn't stop it from doing its job of being an introp layer, even if the source of funds on a chain is gotten from another malicious chain, it DOES NOT affect the agg layer itself and the chains that are not connected to the Scam(malicious) chains
@grandfromage@Jesseeckel by becoming an L1 you reduce profitability by increasing running cost of the chain , security is the most expensive part of being a L1, people will outsource security to eth to increase profitability, it makes no sense to reduce profits so i doubt the will become L1s
@universe_spark@Jesseeckel you are wrong because currently they are already a handful of chains network that people use, i think in 10 years people will be surprised at how much more will exist, why? human nature will always be greedy and that will lead to new innovations of kinds of blockchains.
@chad__man@Jesseeckel@DegenPhilly87 the real thing that blockchains solve over apps is the removal of the fragmentation that comes with the current banking system
@chad__man@Jesseeckel@DegenPhilly87 people will care about decentralisation less and less and we can see that with solana and l2s already, why blockchains? try moving $100k from Nigeria to Cuba under one minute and you will see why alot of commercial apps will use their blockchain ,its called instant settlement bro
@SolBeachBum@omg21btc@BrandonTucker@PeterLBrandt I disagree, there will be millions of chains, most companies would have their own type of chains built for specific purposes,monolithic &general purpose blockchains will eventually become a meme, people may use it to find PMF, except the chain becomes a chain of chains like eth
@apoorvsadana@0xMarcB@implied_vol@andyyy@mteamisloading@chainyoda Its the same reason why consensus mechanisms work in the first place, to avoid a double spend. if validators attempt to create a fake transaction it will bite back the chain not the agg layer, since you can't withdraw more that what you put in.
@apoorvsadana@0xMarcB@implied_vol@andyyy@mteamisloading@chainyoda Bro, it doesn't need to be deposited via L1 bridge to be aware, its awareness comes from ZK proving the consensus of any chain attempting to move funds through Agg ,as long as it can mathematically prove the consensus of the cosmos chain correctly it can point a fake transfer.
@peshwarla@jon_charb Thats not true, which other agglayers? and even if there are ,it makes the agg layer proposition even stronger because they'll just be interoperable using ZK tech making the network effects much larger, agg layer isn't really about any specific eco system that's the mistake!
@DianaChimes Hey, thanks for the explanation, will there be like a central wallet? or how does the interoperability work with metamask or phantom? i'd appreciate your explanation
@0xMocrypto@WuBlockchain@zksync you are sick to think that zksync has done more than polygon in zk innovation, zksync stole plonky 2 from polygon and denied
@mert@hoffmang@jaybny Itโs funny when I hear solana went off and developers ran to switch it on ๐โฆthat in itself doesnโt sound very right. Sol a good chain but will never beat eth in terms of core Security and decentralizationโฆand VCs behind donโt make it better!
@mert@hoffmang@jaybny Solana is a good retail chain , but will never be able to beat eth in the most important usecase for blockchain which is economic SECURITY simple because individuals can exercise as much control as putting of and on a blockchain. Donโt forget this is a blockchain not a database
@mert@hoffmang@jaybny Bro, people over complicate this shit, as long as a blockchain can be restarted or put off by a group of people in some way or form, it is centralized no matter how many validators exist on the chain, the eth chain has never skipped a beat. Thatโs what you call a base layer!