The Internet Computer in a world of modular blockchains

[Tbd]

@senior.joinu

Which for me personally is a signal, that speed and lower costs (scalability, basically) are the real reasons for people to like L2 on Eth.

Since there is no problem with speed or costs on the IC (it can already scale infinitely, there is just no better option) - there is no L2.

I definitely agree speed is currently valued higher than security, and Im definitely not as alarmist about this as the tweeter is. Think it will take some time to play out.

However I’m not sure it would be accurate to call IC scaling “infinite” as it currently stands.
Since subnets don’t share security it really doesnt differ all that much from cosmos IBC aside from everything being more tightly integrated.

Even query calls have to go through consensus as it stands.

Inter-Canister Query Calls (Status: done)

Summary Currently, smart contract canisters can send update calls to any canister. These calls can even form “chains” of calls such as the following: Imagine you have three canisters: A, B, and C. A.updateCall() → B.updateCall() → C Result: A gets a response in around 4 seconds* *(if it’s within the same subnet, it could be much faster or as slow as 5 seconds per call if its cross-subnet) This is helpful in making an application composed of multiple canisters calling each other. The “catch”…

Is it fair to call cosmos scaling infinite? I dont think so.

@senior.joinu

On the IC one could think of another type of L2 solutions, like ultra-cheap (but less resilient) storage or computational networks. Imagine that you have a network of nodes, against which you could run a MMO game server with thousands of users. Such a network could rely on ICs security guarantees, but provide real-time processing capabilities to its users.

Yeah could be something, but tbh Im more interested in the IC becoming a layer 2 (yeah yeah I know, not gonna happen) because I do think similar systems to the IC will sooner or later start popping up in other ecosystems, in the form of layer 2s.

Also the question then becomes, why even run it on IC if you get much higher security guarantees & other benefits with a layer 1 fully optimized for this (like celestia)?