Why Alt L1s Are Bullish
5 reasons why we think the rise of alternative Layer 1s is valuable for crypto
To kick off tomorrow’s conversation, I want to illustrate the benefits I see coming out of the Alt L1 ecosystem.
Crypto is about access, and it’s no surprise that cheaper blockspace is able to onboard more people. High gas fees kill adoption. If we didn’t capture these users during 2021 when Ethereum blockspace fees went vertical we would have lost them.
The first step of crypto taking over the world is to provide people with viable alternatives to banks, and many new blockchains have provided that alternative for many new users.
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David Hoffman
Co-owner at Bankless. Optimistic storyteller of frontier technology.
