What are layer 2 solutions?
Layer 2 solutions are protocols built on top of base blockchains (layer 1) that enable faster transactions, improved scalability, and lower fees while benefitting from the underlying blockchain’s security. They process transactions off-chain and periodically settle data to layer 1. Types of layer 2 solutions: State Channels Sidechains Plasma Chains Rollups (Optimistic and ZK) In […]
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