Assets, Ethereum

What Is the Ethereum Layer 2?

Layer 2 is a set of protocols that runs on top of a blockchain that aims to improve scalability. There are many different Layer 2 solutions, each with its own trade-offs.

The most popular Layer 2 solution is Plasma, which is a framework for creating scalable decentralized applications. Plasma has been used to build projects like OmiseGO, which is a decentralized exchange.

Layer 2 solutions are important because they allow blockchains to scale without sacrificing security or decentralization. However, they are still in the early stages of development and need to be further tested before they can be widely adopted.

The Ethereum Layer 2 is a set of protocols that runs on top of the Ethereum blockchain. These protocols aim to improve scalability by allowing transactions to be processed off-chain.

The most popular Layer 2 solution is Plasma, which has been used to build projects like OmiseGO. Layer 2 solutions are important because they allow blockchains to scale without sacrificing security or decentralization.

Previous ArticleNext Article