Why did Stripe not use Ethereum or its L2's but instead chose to build their own L1? Note: Stripe has been a big advocate for Ethereum so this came as quite a shock. Here are the details from @grok. Stripe chose to build Tempo, a new Layer 1 blockchain, instead of using Ethereum or an Ethereum Layer 2 for several reasons tailored to their specific needs for high-throughput, stablecoin-based payments: Performance Optimization: Tempo is designed to handle a high volume of transactions per second with sub-second finality, which surpasses the current capabilities of Ethereum mainnet and most Ethereum L2s. Ethereum's mainnet processes around 15-30 TPS, and while L2s like Optimism or Arbitrum improve scalability, they often face trade-offs in latency or cost that may not meet Stripe's requirements for global, high-volume payment systems. Customized Features: Tempo includes specialized features like stablecoin-denominated fee payments, dedicated payment channels, and built-in...
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