Today I want to be a bit hypocritical and tell you something that I don’t know whether it is good or bad. Before I met this person, he used his house loan to borrow 500,000 yuan to speculate in cryptocurrencies, and lost 250,000 yuan. Then he found me and wanted me to take him with him. He offered to give me 10% of the profit.

Later, I asked him to buy BIGTIME spot with full position, and the funds reached 1.05 million in 3 days. During this period, I reminded him more than once to withdraw 500,000 to pay off the house loan first. We all have families. Although I don’t know him in reality, I still hope that he will not burn his boats.

The next day he lost 120,000 yuan, and then he bought all his positions in SATS. Last night, the funds were more than 2 million yuan, and the total profit was more than 2.5 million yuan. Then he ran away. The so-called gentleman's agreement is bullshit. There are always several people like this who run away every month.

I want to say one more thing to you, idiots, who want me to serve you for free, please don't send me messages, my time is very valuable, it's the era of paid knowledge! I am also a human being, I also eat grains, a gentleman loves money, but he gets it in a proper way. This matter is a good thing, the good thing is that he turned over, the bad thing is that I didn't get the dividends I deserved, but it is also a manifestation of my ability. I wish him better and better on the road of trading.

Okay, enough of the pretentiousness. Continuing from the last article, I will tell you how to make choices when upgrading in Cancun.

The recent major update of Ethereum is the Shanghai upgrade, and the tokens related to the Shanghai upgrade also started to rise immediately in the first half of the year. For example, SSV increased by 3 times in three months.

Therefore, we should pay special attention to the most important event of Ethereum in the second half of the year, the most important Cancun upgrade. To understand what the Cancun upgrade is, we must first understand what L1 and L2 are. In short, our current transactions on Ethereum are mainly conducted on L1, which is commonly known as the Ethereum mainnet.

There are two problems with the main network. The first is that the transaction fee is very high. You need to pay a few to more than ten yuan in fees for any transfer.

Secondly, its transaction time is relatively slow. It usually takes more than 20 seconds to produce a block to confirm a transaction.

In order to solve these two problems, L2 was born. Currently, it is mainly based on OP and ARB. You can understand L2 as a kind of draft paper. A large part of the transactions we conduct on the main network are actually calculation processes.

Now, transfer the calculation process to the draft paper, and then only put the final calculation results on the main network, so you can greatly save the transaction fees and calculation speed of the main network.

For example, if I give you 10 yuan, you have to give me 8 yuan. If I give you 3 yuan, you have to give me 2 yuan. In the past, this information had to be recorded on the main network, but now it can be recorded on this draft paper.

It means that it can further improve the performance of L2. The most important upgrade step is to introduce the EIP4844 protocol. The main content of this protocol is that in the past, our draft paper was not paper. It was from us.

For example, if you pick a blank page from our homework book, or if you use it as a draft paper from the back, then although it is also on L2, it will still affect the running speed and cost of the main network. However, after the E4 proposal,

We just randomly pull out a piece of paper and write a draft. When the calculation is completed, you throw it away if there is not enough paper. The calculation process is not retained.

So, the space on your homework board is left. This example may not be appropriate, but it's roughly the same idea. Uh, the upgrade of Cancun is expected to increase the running speed of L2 by ten times.

The cost is reduced tenfold, which means that after the upgrade of Cancun, the Ethereum Layer 2 chain in WEB3 is expected to reach or at least approach the speed of the current WEB2 Internet. So how to seize the opportunities brought by L2 in the second half of this year?

Ah, first of all, the most direct thing is that it is definitely good. What about the current second-layer supply chain, that is, the two L2 tokens of OP and I? Ah, they have all been launched, but they are not yet mastered. They are undoubtedly the biggest beneficiaries of the Cancun upgrade.

Is it possible to start this doubling-growth mode in the future? It is worth looking forward to. Secondly, we should pay special attention to the chain games and NFTs deployed on the second-layer chain, as we all know.

The next WEB3 bull market is getting closer and closer. The price of Ethereum has risen from 1,200 yuan at the beginning of the year to 1,800 yuan now. And the transaction fee for us who make pictures and play NFT has also increased from more than 20 yuan per picture to 40 yuan for three pictures.

So if the price of Ethereum goes up to 4,000-10,000, do we have to pay more than 100 yuan in fees for each card? I think it is not realistic. So it is more likely that the non-financial blockchain applications will be migrated to the second layer.

The most important applications are NFT and blockchain games. How can they be successfully migrated? According to the industry practice of WEB3, only the skyrocketing wealth effect can attract attention. Therefore, on the second level, it must create some myths of getting rich in the field of NFT and blockchain games.

For example, the NMT of OP has skyrocketed by 100,000 times, right? So NMT players are attracted to buy NMT from OP and achieve smooth migration. Therefore, in addition to the layout of L2 generation.

In addition, as the time node of the Kankun upgrade is getting closer, the NFT and chain games launched on the second-layer supply chain should also be gradually taken seriously. It is very likely that some miracles of skyrocketing tens of thousands of times will appear. So in the end, we still have to emphasize the risks.

Many friends told me in private that they didn’t understand what I was talking about. I told them that it doesn’t matter if they don’t understand, they can still learn. The worst thing is that you still want to operate even if you don’t understand. It’s unlikely that you will make money from something you don’t understand.

Right? I lost a lot of money because I didn’t understand this principle. I hope you can understand.

The above is my detailed explanation of L2. So how about allocating your own funds to these two tokens? I personally strongly disagree with putting all the funds in one project. There is an old Chinese saying that eggs should not be put in the same basket. Risks should be shared. In the currency circle, we cannot accurately predict the market.

What we can do is to minimize the risk. Well, that’s all for today. Welcome to discuss in the comment section. See you next time!