The Importance of L2 Solutions in Scaling the Ethereum Network The Ethereum network, despite its popularity and wide usage, faces significant scalability challenges. High network load leads to increased transaction processing times and rising fees, making blockchain usage expensive and slow for users. To address these issues, L2 (Layer 2) solutions have been developed, offering substantial improvements in network performance. What are L2 Solutions? L2 solutions are technologies that operate on top of the main blockchain network (L1) to enhance its scalability and efficiency. They enable the processing of most transactions off the main blockchain while maintaining a high level of security and decentralization. The main types of L2 solutions include: 1. State Channels 2. Plasma 3. Rollups
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how many NFTs have already been minted on zora?
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