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Private blockchain networks A private blockchain network, similar to a public blockchain network is a decentralized peer-to-peer network, one organization governs network,a consensus protocol and maintain the shared ledger. Depending on the use case this can significantly boost trust and confidence between participants
What is layer 2 ? Layer 2 (L2) is a collective term to describe a specific set of Ethereum scaling solutions. A layer 2 is a separate blockchain that extends Ethereum and inherits the security guarantees of Ethereum. ๐คฉ๐๐ฎ