tldr:
L2s are just L1 apps with their own execution features and policies (decentralization, scaling, ordering, security, liquidity, etc.)
most L2s will build along 2 axis:
-> scaling
-> feature differentiation
of course vanilla general purpose chains will still be able to attract liquidity and volume, but it will be harder to maintain their stickiness
i think @megaeth and @risechain are killing it at the scaling game
but i believe what we're building with @StatusL2 is the first deeply intentional L2 with a fresh attempt at showcasing what L2s can actually do:
-> fully gasless (using ZKPs for rate limiting)
-> with shared native yield (bridged yield from the L1 + native app fees)
-> and composable privacy (unlocking private DeFi interactions on EVM)
all that directly governed by the community based on their reputation:
higher reputation -> higher gas-free transaction throughput -> higher governance power over native yield allocation
L1 is for security
L2s are for scaling and experimentation
always have been.
