2 upvotes, 1 direct replies (showing 1)
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Are these all competitors or do they compliment each other? Isn’t it resource and time intensive for projects to keep having to accommodate the next big thing every 3-6 months? I admit I fundamentally don’t understand how this tech works or impacts Ethereum, it’s a bit beyond my feeble mind. If you have an explanation written for a child somewhere I’d love to read it. Thanks!
Comment by Liberosist at 23/07/2021 at 04:26 UTC
2 upvotes, 0 direct replies
Yes, these are all competitors in the rollup space. I have plenty of articles about rollups in my profile. The ELI5 is that these are different Layer 2 chains that sit on top of Ethereum. They are focused on doing only one thing well - fast, cheap execution - while relying on Ethereum for security, decentralization, infrastructure, and data availability. The end result is they can scale to thousands of TPS today, and potentially millions in the long term, all combined.