
Layer 2: Scaling Ethereum’s Security Paradigm
Imagine a bustling city center during rush hour. Cars are bumper-to-bumper, traffic lights are slow, and everything feels congested. That's essentially the state of the main blockchain, often referred to as Layer 1, during peak times. Now, picture adding express lanes or elevated highways above that city – that's what Layer 2 solutions do for blockchain technology. They alleviate congestion and speed up transactions, making the overall network more efficient and scalable. Let's dive into what Layer 2 is all about.
What is Layer 2?
Understanding the Core Concept
Layer 2 refers to a set of scaling solutions built on top of an existing blockchain (Layer 1) to improve transaction speed, reduce fees, and increase overall network throughput. Instead of changing the underlying blockchain protocol...