Trading Notes | Public Blockchains and the Impossible Trilemma
① A Layer 1 is a blockchain that handles its own consensus and settlement, such as Bitcoin, Ethereum, and Solana.
② Different public blockchains use different consensus mechanisms and design trade-offs, resulting in significant differences in block times, confirmation speeds, and fees.
③ When you see a public blockchain advertised as offering “instant confirmations and virtually no fees,” first ask what trade-offs it has made.
$ETH 2124.27（-5.18%）
#ETH
① A Layer 1 is a blockchain that handles its own consensus and settlement, such as Bitcoin, Ethereum, and Solana.
② Different public blockchains use different consensus mechanisms and design trade-offs, resulting in significant differences in block times, confirmation speeds, and fees.
③ When you see a public blockchain advertised as offering “instant confirmations and virtually no fees,” first ask what trade-offs it has made.
$ETH 2124.27（-5.18%）
#ETH
