InvestorsHub Logo

Robcula

01/25/23 11:31 PM

#39 RE: MindlessSelf #38

Short term it doesn't look good. The only bright spot is that the tech is superior to current options, so over time it should do well. For example, at one time Ethereum held like 95% of all smart contract transactions, currently it is something like 55%, with Solana, Avalanche, Atom and others having taken much of the transactions from Ethereum. Flare's Layer Cake is something I consider particularly promising. It makes bridges far more secure and functional. Ethereum, Solana, Avalanche, Atom...all these are very stable platforms, but bridges between them is what is routinely hacked...for millions of dollars worth of value each exploit. Flare's Layer Cake bridge system should make the bridge just as secure as the platforms are, the Flare platform itself particularly. It is innovative in some other ways, but the bridging aspect looks a huge advantage to me. So, over time, I do expect this to be valuable. I know we've waited over two years at this point. I'd say we have at least another 2 years before we really see what it can do.