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One of the Layer 2 blockchains is zkSync, which is a scalable network built on Ethereum, utilizing zero-knowledge proofs to ensure high performance and low fees when processing transactions off-chain.
L2 (Layer 2) networks on Ethereum are scalability solutions built on top of the main Ethereum blockchain. They aim to alleviate congestion and high fees by processing transactions off-chain or in a separate layer, while still leveraging Ethereum's security.
ETH utilizes blockchain technology to ensure security and reliability in interactions between participants. Smart contracts on Ethereum can automate various operations without the need for intermediaries, making it a popular tool for financial services, gaming, decentralized exchanges, and many other applications.
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