Are L2s Ethereum? on Bankless

To address this, the community chose a rollup-centric approach. The idea is simple: Instead of hosting all applications on Ethereum, the focus is on rollups that offer faster, cheaper transactions while still settling back on Ethereum. As a result, you get faster, cheaper transactions, but still keep Ethereum’s security.

1. Privy makes it easy to embed wallets that users control but don’t need to think about, right in the app.


2. Base , Coinbase’s EVM-Compatible Layer-2 network, is a cheap, highly performant L2 with the trusted reputation and brand of Coinbase. (Since launching in August 2023, Base has already made upgrades that make the network cheaper and faster, whi

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It is possible that in the short term migration of transactions to Layer 2’s will exert downward pressure on transaction fees earned by ETH stakers, which could negatively affect token price. However, as I explained in my valuation framework, I do not believe it is appropriate to value Ethereum based on its revenues using a DCF - given that Ethereu... See more

There are clearly differences, but they have the same general shape. Let’s take it a step further. What if you wanted stronger pre-confirmations on your rollup (assume this is not a based rollup) rather than a centralized sequencer. Well then you may implement a PoS sequencer set, reintroducing economics that again look even closer to an L1. Or, wh... See more