Layer 2: Unlocking DeFi Composability At Scale
Navigating the complexities of blockchain technology often feels like traversing a congested highway. Transaction speeds can be slow, and fees can be high, hindering the widespread adoption of decentralized applications (dApps) and cryptocurrencies. Enter Layer 2 scaling solutions: innovative technologies designed to offload the burden from the main blockchain (Layer 1), boosting transaction throughput and reducing costs. This blog post will delve into the world of Layer 2, exploring its different types, benefits, and its crucial role in shaping the future of blockchain.
Understanding Layer 2 Scaling
What is Layer 2?
Layer 2 refers to a secondary framework or protocol that operates on top of an existing blockchain (Layer 1), like Bitcoin or Ethereum. Its primary goal is to improve the scal...