@oxkartal
What Are Layer 2 Solutions?
As blockchain networks like Ethereum grow, they face scalability issues, leading to high fees and slow transactions. Layer 2 solutions are built on top of Layer 1 blockchains to improve scalability and efficiency. These solutions process transactions off-chain before settling them on the main blockchain, reducing congestion.
Popular Layer 2 solutions include:
• Rollups (Optimistic & ZK-Rollups): Bundle multiple transactions into one.
• State Channels: Enable instant off-chain transactions.
• Sidechains: Independent chains connected to the main blockchain.
Layer 2 is crucial for mass adoption, making blockchain faster and cheaper!
#Blockchain #Layer2 #Scalability #Ethereum #DeFi
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