Layer 2: Scalable Privacy For A Decentralized Future
Layer-2 scaling solutions have emerged as critical innovations in the blockchain space, designed to alleviate the congestion and high transaction fees often associated with layer-1 blockchains like Bitcoin and Ethereum. By processing transactions off-chain while still maintaining the security and decentralization benefits of the underlying blockchain, layer-2 solutions offer a path towards faster, cheaper, and more scalable decentralized applications (dApps). Let's delve into the world of layer 2, exploring its benefits, different types, practical examples, and future implications.
Understanding Layer-2 Scaling Solutions
What is Layer-2 Scaling?
Layer-2 scaling refers to a collection of solutions built on top of an existing blockchain (layer-1) to improve its transaction throughput and ef...