How To Make Ethereum for the People
The leading DeFi blockchain is too expensive for average users, but layer 2s could solve that problem.
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Show Notes
Ethereum gas fees are high. Unless costs of using the network can be controlled, the dream of an open and user-owned internet is a fantasy. Are layer 2 scaling solutions the answer? Andrew Cahill and Saurabh Deshpande of The Block join Real Vision's Ash Bennington to discuss their recent research report on what could be the key to widespread adoption. Ethereum has made major strides in the past few years, settling trillions of dollars’ worth of transactions, comparable to Visa, Mastercard, and Paypal. But the network is too expensive for the average user. The way Cahill sees it, Ethereum is still "a platform for the 'one percent.'" Cahill and Deshpande differentiate scaling solutions and also discuss the upcoming Ethereum merge. Which scaling solutions are best? Will the merge bring down costs? Cahill and Deshpande answer these questions and many more. Recorded on May 24, 2022.
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