When I entered the cryptocurrency world two years ago, I opened an account on Binance for my first transaction.
At that time, I read a lot of information about the cryptocurrency circle, so I invested heavily in Eth, and also held Btc and BNB. Eth accounted for 50% of my holdings.
I participated in the Zkync airdrop last year and had the opportunity to try it on the chain.
Each interaction on the Eth main chain costs a minimum of 3-5U and a maximum of 10-20U.
I was thinking, why is this thing so expensive? The handling fee is almost as much as an international remittance.
There is a 500U. First, from Binance, Eth and Usdc are withdrawn to the on-chain wallet, and fees are charged twice; the main chain crosses to L2, and fees are charged twice (and two authorization fees). Of course, the funds are returned, and 4 operations are also required.
In this way, 50-100U has been lost.
I was thinking of adding more numbers, but then I figured it out. I'll pay the fee first, and I don't know what the result will be. Fortunately, I didn't add more numbers at that time.
Fortunately, I formed an LP at that time and airdropped 200U of zk (I forgot to cancel the LP at that time and kept forming it. Fortunately, I forgot, otherwise there would be no airdrop). I received the coins and sold them on the first day.
At the time, I thought, this thing is for people to use? If it weren't for the possible airdrop, who would use something as expensive as international remittances?
At that time, doubts about Bitcoin’s beautiful blueprint began to arise for the first time.
Later, I had the opportunity to use Sol and Sui, and realized that this is what people should use. It is fast and cheap.
Of course, Ether certainly looks down on Sol, saying it is a downtime chain and not decentralized enough.
1. Let’s talk about the downtime first. One reason is that Sol has only been developed for a short time and its clients are not diversified enough. One bug will affect all of them.
I believe that with the addition of the second and third SOL clients, this problem will be fundamentally solved.
2. Speaking of decentralization, I feel that only BTC is truly decentralized.
The decentralization of Eth is a false proposition. As can be seen from the transition from PoW to PoS, this is a change in the consensus mechanism. Isn’t it the foundation that has the final say?
After the conversion to PoS, Lido’s staked share exceeded 30%, and the Foundation kept making various small moves. How could there be any decentralization? Of course, if there were no more small moves, it would become a consensus attack.
Since then, I have exchanged all the Eth in Binance to Sol, and a small part to Sui.
Now the Eth staked on the chain can finally be withdrawn, and it has been transferred to the exchange one after another today. Starting tomorrow, I will say goodbye to Eth, and it will have nothing to do with me even if it rises to the sky.
In the future, try to trade Btc and Sol, and place most of your positions on Btc.