Protocol and some time ago it was marked as layer-2? It is about marketing or technological change
It rather reflects a change in our technical direction. Previously we had heavily focused on building the core derivatives exchange logic on smart contracts which then ran on a custom EVM layer (using native Ethermint on our chain) but due to scalability issues as well as EVM-based smart contracts being an inferior technical choice, we rewrote our entire infrastructure in custom Go modules on the chain, which offer much more scalability as well as expressivity. Given that for users the application was still the same (decentralized derivatives trading), viewing ourselves as an L2 solution made sense then. However, with the newfound focus towards becoming a DeFi platform which other applications can build on top of, the L1 characterization is more accurate.
Great explanation Albert. Saying INJ is a layer 2 solution at this point is selling INJ short. It technically is still both, right?
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