As a result of this approach, Andrew Throuvalas believes that the blockchain is facing several core problems, such as excessive cost and poor scaling, but it does not work in practice. Furthermore, he highlighted that the solution focuses on layered scaling, which satisfies more niches.
In this model, layer 1 is not required to tackle every problem at once. Both Bitcoin and Cardano were designed as ultra-secure and decentralized base layers, regarded as the pinnacles of Proof of Work and Proof of Stake security. “Leave room for growth to the L2 solutions. It’s a long road, but the only one that makes sense,” Throuvalas added.
