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Nov 4, 2021Liked by Alec Torelli

Layer 2s are a canard. Don't get me wrong. I enjoyed doing DeFi on Polygon for awhile and blogged about it extensively last spring. But it is just a temporary thing until a layer 1 comes along that can scale pretty much infinitely. The reason why is that Dapps need to be able to leverage each other and the various layers prevent that from happening.

The solution is about a year off. The Radix protocol will have infinite scaling without layers. It uses sharding, but in a way where Dapps can still communicate and operate atomically (meaning all in one transaction if that is necessary.) Furthermore the Scrypto language introduced by Radix will cut down on bugs and security holes that continue to cost DeFi users millions on almost a daily basis. (Solidity was never designed for DeFi and makes it extremely difficult to even get simple Dapps to operate correctly.)

So consider all of DeFi just a big "Proof of Concept" experiment. A successful one no doubt, but just an experiment that will end up on the junk heap when a better protocol emerges as it will.

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