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Author Topic: Is this the scalable future we’ve been waiting for?  (Read 136 times)
R1dwanRz (OP)
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December 17, 2024, 12:29:57 PM
 #1

I'm sure scalability in blockchain has been a hot discussion, and projects that have been pushing the envelope are the ones to watch. Months ago, Vitalik spoke highly of Fuel network, acknowledging their role as one of the two stage 2 rollups and the innovative approach they’re taking with alternative virtual machine designs.

Source: https://x.com/VitalikButerin/status/1838862177824051712

The fact is they are aiming to solve some of the biggest challenges in blockchain like speed, cost, and efficiency all while ensuring decentralization. Just recently, their introduction to native token sparked a lot of discussions, and I’m sure it’s because Fuel is positioning itself to be a key player in the scalability conversation.

Tho I think this kind of experimentation and forward-thinking is exactly what we need to see more of in this space. Do you guys think this is exactly the direction blockchain should be heading?
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December 19, 2024, 06:58:46 AM
 #2

I'm sure scalability in blockchain has been a hot discussion, and projects that have been pushing the envelope are the ones to watch. Months ago, Vitalik spoke highly of Fuel network, acknowledging their role as one of the two stage 2 rollups and the innovative approach they’re taking with alternative virtual machine designs.

Source: https://x.com/VitalikButerin/status/1838862177824051712

The fact is they are aiming to solve some of the biggest challenges in blockchain like speed, cost, and efficiency all while ensuring decentralization. Just recently, their introduction to native token sparked a lot of discussions, and I’m sure it’s because Fuel is positioning itself to be a key player in the scalability conversation.

Tho I think this kind of experimentation and forward-thinking is exactly what we need to see more of in this space. Do you guys think this is exactly the direction blockchain should be heading?

Yes, this is a good direction for the blockchain . Overall to be able to scale up is what every business or organization strive for and from what you said it seems  Fuel Network is working towards that trough its modular design and innovative tech . Their ecosystem has being very user-friendly with a lot of engaging events like the CandyBomb,PoolX making easier for users to dive into it .
I feel like it is a perfect ime time to explore what other things Fuel Network has to offer. What are your thoughts?
hugeblack
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December 19, 2024, 07:14:44 AM
 #3

Personally I don't like projects that give an Airdrop as most of them offer investment promises more than technology that will last and make a difference.

as investment: Fuel Ignition is Ethereum layer-2 by the FuelVM and I think we will see good interaction with layer-2 projects if the price of Ethereum rises.
as technology:Scalable future for Ethereum should be in layer-1 especially after the promises that the POS upgrade will solve this problem.

H
Trebor123
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December 19, 2024, 08:00:41 AM
 #4

I'm sure scalability in blockchain has been a hot discussion, and projects that have been pushing the envelope are the ones to watch. Months ago, Vitalik spoke highly of Fuel network, acknowledging their role as one of the two stage 2 rollups and the innovative approach they’re taking with alternative virtual machine designs.

Source: https://x.com/VitalikButerin/status/1838862177824051712

The fact is they are aiming to solve some of the biggest challenges in blockchain like speed, cost, and efficiency all while ensuring decentralization. Just recently, their introduction to native token sparked a lot of discussions, and I’m sure it’s because Fuel is positioning itself to be a key player in the scalability conversation.

Tho I think this kind of experimentation and forward-thinking is exactly what we need to see more of in this space. Do you guys think this is exactly the direction blockchain should be heading?

Looking at this from another angle, until buying crypto becomes more user friendly then all the scalability in the world isn't going to attract the man in the street to use it.
What with negotiating 'crypto speak' and the complexities of buying, holding and dealing with crypto, until that becomes far easier to do, I really can't really see my auntie Edna buying bitcoin! 😉
betswift
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December 19, 2024, 09:14:55 AM
 #5

Personally I don't like projects that give an Airdrop as most of them offer investment promises more than technology that will last and make a difference.

as investment: Fuel Ignition is Ethereum layer-2 by the FuelVM and I think we will see good interaction with layer-2 projects if the price of Ethereum rises.
as technology:Scalable future for Ethereum should be in layer-1 especially after the promises that the POS upgrade will solve this problem.

Yep. Buterin said it himself in the articles, as far as I remember, and we all understand that L2 eco is vibrant and great, but it's also great to have better scaling in L1 especially.

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December 20, 2024, 07:54:24 AM
Merited by hugeblack (1)
 #6

never really a fan of scaling through L2 and I think it's just another layer of complexity, people when first delving into ethereum always so confused about these L2 stuff, things need more abstraction that could make adoption to ethereum and L2 easier.

as of now, so many L2 appear, but everytime I deal with defi and want to actually get some meaningful yield, I always need to bridge to ETH L1 again. feels like L2 just pointless except just for very niche purpose such as swapping, and something like that.

in reality, most of big project stay in L1.

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gunhell16
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December 20, 2024, 08:52:59 AM
 #7

Personally I don't like projects that give an Airdrop as most of them offer investment promises more than technology that will last and make a difference.

as investment: Fuel Ignition is Ethereum layer-2 by the FuelVM and I think we will see good interaction with layer-2 projects if the price of Ethereum rises.
as technology:Scalable future for Ethereum should be in layer-1 especially after the promises that the POS upgrade will solve this problem.

But there are other projects that are rising in the crypto space that are also trending in the market that are not doing airdrops anymore, even pre-sales, right? And if there are those who are doing airdrops, there are still a few who are successful in the end, right?

That's why the majority of those who are doing airdrops are not successful, just count them on our fingers, That's why our other companions are constantly giving reminders
to our communities because most of the airdrops nowadays are just a waste of time.

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hugeblack
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December 20, 2024, 09:05:49 AM
 #8

as investment: Fuel Ignition is Ethereum layer-2 by the FuelVM and I think we will see good interaction with layer-2 projects if the price of Ethereum rises.
as technology:Scalable future for Ethereum should be in layer-1 especially after the promises that the POS upgrade will solve this problem.

But there are other projects that are rising in the crypto space that are also trending in the market that are not doing airdrops anymore, even pre-sales, right? And if there are those who are doing airdrops, there are still a few who are successful in the end, right?
In the past, airdrops were not as important as they are now and did not involve promises of getting rich, but reaching a target price meant that you would get profits, so the focus was on bounty versus airdrops, and thus the probability of success of such projects is higher.

Today, there are conditions for airdrops and they have become like a low-cost bounty campaign, so the probability of success is low.

H
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December 22, 2024, 08:42:59 PM
 #9

never really a fan of scaling through L2 and I think it's just another layer of complexity, people when first delving into ethereum always so confused about these L2 stuff, things need more abstraction that could make adoption to ethereum and L2 easier.

as of now, so many L2 appear, but everytime I deal with defi and want to actually get some meaningful yield, I always need to bridge to ETH L1 again. feels like L2 just pointless except just for very niche purpose such as swapping, and something like that.

in reality, most of big project stay in L1.

Probably you don’t know the effectiveness Layer 2 has brought upon Layer 1 in general that why you said “it’s just another layer of complexity”. It’s like saying Tesla’s Cybertruck is just another form of complex  and unnecessary innovation because we are used to its first model of electric cars.

First of, Layer 2 helps improve Layer 1 performance and make it more scalable,it makes transactions faster. It more or less like L2 reducing the work load, if not because of this you can imagine how slow Ethereum and other L1 projects would be because of multiple thousands of transactions that need to be processed at once. Coming across FUEL on Bitget launchX (it’s like a launchpad that allows users to discover new projects and gain access to them early on before they are launched) means the project is promising.
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December 23, 2024, 03:26:09 AM
 #10

Probably you don’t know the effectiveness Layer 2 has brought upon Layer 1 in general that why you said “it’s just another layer of complexity”. It’s like saying Tesla’s Cybertruck is just another form of complex  and unnecessary innovation because we are used to its first model of electric cars.

First of, Layer 2 helps improve Layer 1 performance and make it more scalable,it makes transactions faster. It more or less like L2 reducing the work load, if not because of this you can imagine how slow Ethereum and other L1 projects would be because of multiple thousands of transactions that need to be processed at once. Coming across FUEL on Bitget launchX (it’s like a launchpad that allows users to discover new projects and gain access to them early on before they are launched) means the project is promising.
I perfectly understand that L2 helps offload pressure on the Ethereum L1 even more so after introduction of blobs to replace CALLDATA but then again I think scaling still should be concentrated on L1 because despite the introduction of L2 such as fuel or whatever it is including optimistic rollup and zk rollup L1 still occasionally have fee spike during crowded hours and as my statement before, most of the big project with big yields still sticking to L1 without omnichain capability so my point stands, L2 are good for certain niche such as transfer, swapping, perp trades and so on, but L1 is the one that needs to be scaled up.

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