Members Area Forums General Discussion Taproot adds some ETH-like functionality to Bitcoin? Reply To: Taproot adds some ETH-like functionality to Bitcoin?

#4215
tccadmin
Keymaster

Hi Adam – I should have made the separation clearer that the Tether on Bitcoin (via Taproot) was a separate item from “Death of ETH”

You are correct in your annoyance with how ETH gas fees work (or don’t work). You usually do need some units of the base L1 to conduct your transactions, but across most other chains (Solana, Polygon or Sonic, Stacks) the gas fees are so small and the transactions so fast, you kind of forget it’s an issue.

On ETH, not so much, as when network congestion is high and all you want to do is move something it’s suddenly costing you $15 or $50 to do it, even if you’re just trying to get up to an L2 on Ethereum.

With Lightning and Taproot on Bitcoin it’s all the same units: satoshis (sats) with the main difference being you’ll initially move some amount of your BTC “offchain” essentially, when you move it into your Lightning wallet – from there you open channels, etc – but it’s super fast, super cheap and never as much of an issue getting from onchain to Lightning as it is ETH to L2.