Scaling the EVM requires an L1, not an L2

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 source: https://cointelegraph.com/news/scaling-the-evm-requires-an-l1?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound