Blockchain History
Bitcoin, Ethereum, Layer 2 Networks
Last updated
Bitcoin, Ethereum, Layer 2 Networks
Last updated
Since the advent of Bitcoin, blockchain technology has revolutionized global finance and the crypto economy.
Bitcoin, as the first decentralized cryptocurrency, provides a peer-to-peer payment method without intermediaries, pioneering a new era of cryptocurrencies.
However, Bitcoin's functionality is relatively singular, mainly used for value storage and simple transfers, unable to meet complex financial needs.
The emergence of Ethereum further expanded blockchain application scenarios. Through smart contracts, Ethereum promoted the prosperity of DApps, DeFi, NFTs, and more. However, the Ethereum network faces high gas fees and network congestion issues. Especially during peak times, users' operational costs increase significantly, limiting its potential for large-scale applications.
To solve Ethereum's scalability issues, Layer 2 networks have emerged to enhance the scalability and performance of existing blockchain networks. Base is a representative of emerging Layer 2 networks, aiming to solve network congestion and high-cost problems. Base benefits from Coinbase's vast user base and resource support, giving it strong competitive advantages among Layer 2 scaling solutions.
Single Platform Modules: Limiting user usage scenarios and platform attractiveness.
Token Issuance Regulation: Paid token issuance faces legal and compliance risks.
Market Manipulation and Fraud: Project parties or large holders manipulate the market, harming ordinary investors.
High Market Cap with Low Circulation: Leading to difficulties in market price growth, affecting investor confidence.
