Cross-Chain Smart Contracts vs Layer 2 Solutions
Developers should learn cross-chain smart contracts to build applications that require interoperability, such as decentralized exchanges (DEXs) that aggregate liquidity from multiple chains, or DeFi protocols that enable cross-chain lending and borrowing meets developers should learn and use layer 2 solutions when building decentralized applications (dapps) that require high transaction volumes, low fees, or fast confirmation times, such as in gaming, defi, or nft marketplaces, as they address the scalability limitations of layer 1 blockchains like ethereum. Here's our take.
Cross-Chain Smart Contracts
Developers should learn cross-chain smart contracts to build applications that require interoperability, such as decentralized exchanges (DEXs) that aggregate liquidity from multiple chains, or DeFi protocols that enable cross-chain lending and borrowing
Cross-Chain Smart Contracts
Nice PickDevelopers should learn cross-chain smart contracts to build applications that require interoperability, such as decentralized exchanges (DEXs) that aggregate liquidity from multiple chains, or DeFi protocols that enable cross-chain lending and borrowing
Pros
- +It's essential for projects aiming to reach a broader user base across different blockchain ecosystems, like Ethereum, Solana, or Polygon, and for creating scalable solutions that avoid congestion on a single chain
- +Related to: blockchain-interoperability, smart-contract-development
Cons
- -Specific tradeoffs depend on your use case
Layer 2 Solutions
Developers should learn and use Layer 2 solutions when building decentralized applications (dApps) that require high transaction volumes, low fees, or fast confirmation times, such as in gaming, DeFi, or NFT marketplaces, as they address the scalability limitations of Layer 1 blockchains like Ethereum
Pros
- +They are essential for creating user-friendly and cost-effective applications while leveraging the security of the underlying blockchain
- +Related to: ethereum, rollups
Cons
- -Specific tradeoffs depend on your use case
The Verdict
Use Cross-Chain Smart Contracts if: You want it's essential for projects aiming to reach a broader user base across different blockchain ecosystems, like ethereum, solana, or polygon, and for creating scalable solutions that avoid congestion on a single chain and can live with specific tradeoffs depend on your use case.
Use Layer 2 Solutions if: You prioritize they are essential for creating user-friendly and cost-effective applications while leveraging the security of the underlying blockchain over what Cross-Chain Smart Contracts offers.
Developers should learn cross-chain smart contracts to build applications that require interoperability, such as decentralized exchanges (DEXs) that aggregate liquidity from multiple chains, or DeFi protocols that enable cross-chain lending and borrowing
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