The Layer 2 Dilemma of Ethereum: The Crisis-Ridden "Zunyi Conference"

** Layer2: The Beautiful Vision in the Early Stage **

Layer 2 was originally designed as Ethereum's "local bank," helping to alleviate network pressure, allowing Ethereum to simply "lie back and collect money." However, Layer 2 projects are unwilling to forever play the subordinate role to Ethereum, making this relationship subtle and complex.

** Four Major Issues Brought by Layer2 **

  1. Fragmented User Experience:

Frequent switching and cross-chain operations by users lead to complex and cumbersome processes.

  1. Diluted market capitalization:

Each issuance Token of Layer2 is "biting off" a part of Ethereum's market capitalization.

  1. Internal Disunity:

Different interest groups are behind Layer 2, leading to intense competition.

  1. Willingness to Innovate Drop:

As more Layer 2 solutions emerge, the simple copy-and-paste model stifles true innovation.

The ideal Layer 2 should focus on specific applications rather than becoming an independent ecosystem. However, in reality, every Layer 2 wants to be the "big boss," leading to divisions within Ethereum.

** The Market Challenges of Ethereum**

Unlike other public chains, Ethereum lacks a dedicated marketing team and has no budget to promote or attack competitors. While this maintains Ethereum's spirit of decentralization, it also puts it at a disadvantage in terms of market presence.

** Future Challenges and Choices **

If the Layer 2 issues are not effectively resolved, Ethereum may repeat the fate of Cosmos; however, if it can successfully overcome this challenge, Ethereum will usher in new development. Just like the transformation of Bored Apes from cool to 'boring', will Ethereum also lose its 'cool'? This will be a question to follow in the future.

What should ordinary people do?

[No investment advice, the crypto world is risky, investors should be cautious!]

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