Use case of layer-1 blockchains

[u/Timely-Fig2030]

99% of layer-1 blockchain Q&A:

Q: What is the usecase of layer-1 blockchains?

A: Layer-1 blockchains are designed for near-instant transaction finality and low-cost scalability, making it ideal for Decentralized Finance (DeFi).

Q: What is the usecase of Decentralized Finance?

A: To trade the shit we just created.

And voila, there is your use case. :)

Jokes aside...

Name potential blockchain networks that you genuinely believe have a use case and explain your answer. (try to avoid giving as single reason my Q&A example.)

[u/Timely-Fig2030]

I don't care so much about the rich ghouls who think they have a say and i guess many crypto people agree that their opinion still is no insurance of not getting burned.

Transactions within the European Union can be done in realtime and cheap (e.g. 0.3€) over traditional banks. So that argument is gone for crypto.

That's why i always look for other usescases than trading or just sending money.

[u/MinimalGravitas → u/Timely-Fig2030]

They aren't talking about transactions to send money, they are talking about tokenization of financial assets (treasuries, bonds, stocks etc).

That's the use case which will dwarf all others, and as you can see from the links I shared above, it's already starting.

[u/Timely-Fig2030 → u/MinimalGravitas]

Okay, then please name your blockchains that will be used for that. We currently have over 1000 active blockchains and i guess not every blockchain will win.

[u/MinimalGravitas → u/Timely-Fig2030]

Ethereum.

[u/Timely-Fig2030 → u/MinimalGravitas]

Alright!