Layer 1 Should Be Innovative in the Short Term but Less in the Long Term
Vitalik Buterin
AUGUST 26, 2018
See update 2018-08-29. One of the key tradeoffs in blockchain design is whether to build more functionality into base-layer blockchains themselves (“layer 1”), or to build it into protocols that live on top of the blockchain, and can be created and modified without changing the blockchain itself (“layer 2”).
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