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A comment on Attacking the DeFi ecosystem with flash loans for fun and profit (2020). Parent comment

Re:Attacking the DeFi ecosystem with flash loans for fun and... by pawelduda on Saturday January 16, 2021 @09:14PM (#25807435)
I wonder what are your thoughts on Avalanche (https://www.avalabs.org). They claim to offer throughout of 4500 TPS and smart contracts with EVM compatibility. Make sure to check the whitepaper for the protocol consensus, it's supposedly a novel thing and there are a some knowledgeable people behind it.
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Re:Attacking the DeFi ecosystem with flash loans for fun and... by hanniabu on Sunday January 17, 2021 @12:46AM (#25808495)
In my opinion al these other projects are just getting attention because Ethereum is struggling with throughput right now. Once ETH2 is released, or even before that with L2, all these other projects will become pointless.

Ethereum has so much network effect that these other projects need to actually pay people to use them over Ethereum. Not to mention they're also more centralized.

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Re:Attacking the DeFi ecosystem with flash loans for fun and... by Vinceo on Sunday January 17, 2021 @02:34AM (#25808958)
I agree to some point. Though, Ethereum doesn't have time to wait for Eth2 imo as it will take years before it's fully released. So it will have to rely on l2 scaling until then.

A lot of other platform projects are providing bridges which makes it possible to use those projects as some sort of an L2 for ethereum. If a lot of dapps starts migrating to those instead of to native L2 solutions it can get ugly.

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Re:Attacking the DeFi ecosystem with flash loans for fun and... by hanniabu on Monday January 18, 2021 @01:11AM (#25818731)
L2 is already rolling out. They're currently doing progressive rollout starting with synthetix.
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Re:Attacking the DeFi ecosystem with flash loans for fun and... by EGreg on Saturday January 16, 2021 @09:24PM (#25807485)
Will definitely check it out! This space is really home to many interesting projects (including our own) to have alternative architectures. The trick is how to remain compatible with EVM since most of the developers targeted it.
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