Yesterday, Bitcoin and Ethereum had Insanely High Transaction Fees: Where do we go from here?

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With smart contracts, building Layer 2 solutions for Ethereum is much easier but it also brings in some caveats. If you want efficient transactions with Ethereum, something like the Raiden Network will do. But Ethereum is distinct from Bitcoin because of its abundance of Dapps (on Defi, Dex, NFTs, etc.) that are very difficult to use because of the high transaction fees needed to transfer money in and around. Some Ethereum projects new Dapps (Loopring and ZkSwap as a DEXes) while others are side-chain networks that provide payment solutions (OMG Network) or give you access to some Dapps that you're already familiar with (Polygon).

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With smart contracts, building Layer 2 solutions for Ethereum is much easier but it also brings in some caveats. If you want efficient transactions with Ethereum, something like the Raiden Network will do. But Ethereum is distinct from Bitcoin because of its abundance of Dapps (on Defi, Dex, NFTs, etc.) that are very difficult to use because of the high transaction fees needed to transfer money in and around. Some Ethereum projects new Dapps (Loopring and ZkSwap as a DEXes) while others are side-chain networks that provide payment solutions (OMG Network) or give you access to some Dapps that you're already familiar with (Polygon).

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With smart contracts, building Layer 2 solutions for Ethereum is much easier but it also brings in some caveats. If you want efficient transactions with Ethereum, something like the Raiden Network will do. But Ethereum is distinct from Bitcoin because of its abundance of Dapps (on Defi, Dex, NFTs, etc.) that are very difficult to use because of the high transaction fees needed to transfer money in and around. Some Ethereum projects new Dapps (Loopring and ZkSwap as a DEXes) while others are side-chain networks that provide payment solutions (OMG Network) or give you access to some Dapps that you're already familiar with (Polygon).

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