Discover and read the best of Twitter Threads about #custodial

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#Layer2 Scaling is a concept that is used in the #Ethereum communities with some believing it represents $ETH future.

What does this truly imply? 🤌🏼

How does it operate and why do we need it? 🧐

Today we will deep dive into non-custodial solutions ⬇️
1/ Over the past years, #Ethereum popularity has resulted in a massive rise in transactions and, therefore, #network traffic.

With several users competing for faster #transaction processing, a bidding war occurs, resulting in very expensive gas fees for each user.
Once new scaling solutions arise in the #blockchain space, it is always necessary to consider:

- how much they inherit #Layer1 #security and network characteristics

- if they impose stricter user requirements compared to the underlying #Layer1
Read 15 tweets
1/ Why India🇮🇳 has to embrace #crypto now? There seems to be no other choice left.

So much development has taken place globally that it is almost impossible for India to ignore.

Our country is standing at a very important juncture.

China🇨🇳 state-backed #Blockchain is integrating with 6 public blockchains.

Now just imagine anyone from anywhere will be able to build apps and run nodes using data storage and bandwidth from BSN’s overseas data centers.

🇨🇳wants to be the only infra provider to all the firms.
To add on to this we all know that 🇨🇳 controls more than half of the world’s Bitcoin mining operations — upward of 65% of the computing power to mine #Bitcoin. No other country is anywhere near that number.

India has not even thought about it.
Read 12 tweets

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