How did Ethereum's scaling roadmap impact the economics of the blockchain space?
Replied byBill Barhydt
Founder & CEO at Abra
Niche: Cryptocurrency
Revenue: Approx. 3 Million USD/month
Location: Mountain View, California, United States
Started: 2014
Ethereum's decision to migrate transaction value to layer two networks was a massive architectural mistake. It starved the base layer of economic value, causing fees and revenue to accrue entirely to layer two networks, leaving the main Ethereum chain economically stuck.
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