Despite all the hype, layer 2s have never been the solution to scaling the EVM, as they come with their own set of challenges. The answer has lied within layer 1s all along.
Opinion by: Jay Jog, co-founder of Sei Labs
When CryptoKitties crashed the Ethereum network in 2017, the industry learned a hard lesson about blockchain scalability. Today, with over $100 billion locked in decentralized finance (DeFi) and millions of non-fungible tokens (NFTs) being traded, that lesson is more relevant than ever. The Ethereum Virtual Machine (EVM) — the engine that powers this activity — is reaching its limits.
So far, the crypto community’s answer has been layer 2 solutions — separate chains that process transactions and report back to Ethereum. But what if the community’s been looking for answers in the wrong place?
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