On the latest episode of Blockchain and Booze, Draper Gorem Holm’s Adam Levy sits down with three leaders in the blockchain industry to talk about layer-two solutions on the Ethereum network. Levy is joined by Stani Kulechov of Aave, Jack O’Holleran of Skale and Antonio Juliano of dYdX. What began as a discussion on high fees quickly transitioned into a greater commentary on the potential power of decentralized finance.
The Ethereum conundrum
For those not familiar with the Ethereum situation, it’s becoming prohibitively expensive to send transitions on-chain. At the time of publication, the average cost of sending an Ethereum transaction is just under $20. Complex smart contracts like those found in decentralized finance protocols can easily run over $100 as the network becomes increasingly congested. Layer-two solutions are protocol that can lighten the load and offer much faster, less expensive transactions.
Layer two, explained
Beyond DeFi
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