Overview of blockchain Layer 2 solutions and pricing

Overview of blockchain Layer 2 solutions and pricing

What is Layer 2 Hey there! Let me tell you about Layer 2 in a super simple way. Layer 2 solutions are like a smart shortcut for blockchain networks. You know how sometimes the main roads get really congested and slow? Well, Layer 2 is like a side street that helps speed things up! The main benefit of Layer 2 is that it allows for way more transactions to happen at once, without getting stuck in traffic jams. It’s like having a express lane that lets you zoom past the gridlock. And the best part? The fees for using these Layer 2 shortcuts are much lower than the main road. Saving money is always a win! ...

July 6, 2024 · 6 min · Vadzim Belski