ETHEREUM IS PREPARING TO RESCUE Layer 2 ! Go solve the problems you created yourself! 🤣 If Layer 2s rescued the market in general and @ethereum in particular from 2023 onwards, then Ethereum will now have to rescue Layer 2s if it doesn't want this model to become obsolete. The problems with Layer 2s have existed since day one, not just recently, and include: 1⃣ The user experience is extremely poor, as moving between different Layer 2s requires using multiple cross-chain solutions and incurs transaction fees. 2⃣ Liquidation Shard occurs when each Layer 2 is independent of the others in terms of liquidation, leading to -> Layer 2 entities are draining Ethereum's liquidation through incentives. -> Layer 2 entities drain each other's liquidation . 3⃣ Developers have to repeatedly perform their work on each Layer 2 , leading to wasted resources, time, and effort. From a community sharing a common destiny, this community now has to suck each other's blood to survive. That's why @ethereumfndn partnered with Gnosis to launch the Ethereum Economic Zone (EZZ) concept. When launched, EZZ will address the issues mentioned above, including: 1⃣ Benefits for users - Completely eliminating the Bridge means users can fully interact on Ethereum and many other Layer 2 platforms within a single transaction. - The entire transaction process will either succeed or fail, thereby eliminating the risk of errors occurring midway through the process when the user has to do it manually. - Experience as if on a single Chain. For example, you can buy $ARB with $USDC on Base in a single transaction. 2⃣ Benefits for liquidation Liquidation no longer belongs to any particular Layer 2 entity, but will become collective liquidation , returning to its core element: a COMMUNITY OF SHARED DESTINY. -> Increased liquidation The user experience will also be much better. 3⃣ Benefits for developers Instead of deploying multiple smart contracts for different Layer 2 , with EEZ, developers only need to deploy a smart contract once to reach users on the mainnet and all rollups participating in EEZ. -> Reduce the number of duplicate tasks. -> Reduce risk for each DApp on different Chains. 4⃣ Benefits for the Ethereum Ecosystem - Addressing the long- Shard and liquidation issue of liquidity fragmentation. - Reduce security risks. - Increase competitiveness with other Layer 1 frameworks like Solana. After reading about EZZ, I felt it was an upgrade to Account Abstraction , but on a much larger and broader scale. AA technology has become quite deeply integrated into Ethereum and its ecosystem, as many transactions are now grouped into a single transaction. Hopefully, EZZ will be able to do the same in the near future, though that's certainly not going to happen anytime soon! twitter.com/HakResearch/status...

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