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Layer 2's, The Future of Crypto - THE NEW NORMAL EP. 13
The traditional financial system was revolutionized by the arrival of credit cards and online payment services like venmo. Now a similar revolution is going on in crypto today. These are what we call layer 2’s. So what the hell are layer 2’s? Well...you’re about to find out.
MacNCheeasy and Jesse Friedland break down this crypto topic so anyone can understand in THIS WEEKS episode of The New Normal.
NEW EPISODES EVERY TUESDAY.
Want more Crypto Content?
Join The Incubator Discord: https://discord.gg/esTPa2aa65
Subscribe to The Incubator Youtube: https://www.youtube.com/channel/UCFeFVytEkT8kaqPCJZGFswg
Timestamps:
00:00 - Intro
01:20 - What is a layer 1?
03:00 - What problem is layer 2 trying to solve?
05:22 - Why can't we just speed things up?
10:44 - How does layer 2 solve the speed issues?
12:52 - What benefit do users get from using layer 2?
16:28 - Which layer 2 should i use?
26:00 - Arbitrum Autumn is here
30:10 - How will layer 2s affect users in 5 to 10 years?
32:11 - If layer 1 can lower fees, do we still need layer 2s?
33:33 - Closing thoughts
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By The Incubator
5
2828 ratings
The traditional financial system was revolutionized by the arrival of credit cards and online payment services like venmo. Now a similar revolution is going on in crypto today. These are what we call layer 2’s. So what the hell are layer 2’s? Well...you’re about to find out.
MacNCheeasy and Jesse Friedland break down this crypto topic so anyone can understand in THIS WEEKS episode of The New Normal.
NEW EPISODES EVERY TUESDAY.
Want more Crypto Content?
Join The Incubator Discord: https://discord.gg/esTPa2aa65
Subscribe to The Incubator Youtube: https://www.youtube.com/channel/UCFeFVytEkT8kaqPCJZGFswg
Timestamps:
00:00 - Intro
01:20 - What is a layer 1?
03:00 - What problem is layer 2 trying to solve?
05:22 - Why can't we just speed things up?
10:44 - How does layer 2 solve the speed issues?
12:52 - What benefit do users get from using layer 2?
16:28 - Which layer 2 should i use?
26:00 - Arbitrum Autumn is here
30:10 - How will layer 2s affect users in 5 to 10 years?
32:11 - If layer 1 can lower fees, do we still need layer 2s?
33:33 - Closing thoughts