Moondance Labs CEO on 'Barriers of Entry' for Building Layer 1s

The protocol is presented by the Stellar Community Fund. Accelerate your web three project with cellar funding as a layer one team. One of the biggest responsibilities that you take on as a development team is bootstrapping the security of your own chain, right? And that's really not like a trivial problem to solve. Um polka dot like polka dots uh kind of value proposition is in part shared security. But the developer experience of subs trading polka dot was was not very good anyway, so like beyond that, it was still very difficult to get started. So I think taking that first step is is not easy, right? Versus just deploying smart contracts on something like Ethereum where you're being essentially secured by the Ethereum network without having to bootstrap a validator set yourself. So that already in and of itself is a huge barrier of entry. Um And then after that, you know, if you manage to like get past that uh maintenance, right, you have to like maintain the chain. And then you realize, OK, now I need a bridge. How I, how do I connect to Ethereum or these other chains? Uh I need to index my data of the on chain, right? I need an oracle, I need R PC end point. So there's there's all these like infrastructural components that are just inherent with, with running a chain, right? So all these things, it just kind of they're all deterrent for developers, right? It's much easier to just deploy a smart contract where all these tools are already readily available, right? You have chain links, you have ether scan, you have all these great tools for for available for the developers. So I think these are the the barriers of entry that, that we're trying to solve within taxi.