Layer 2 Solutions: The Tech Behind the Scalability
Layer 2 solutions are technologies built on top of existing blockchain networks (Layer 1) to address scalability issues, improve transaction throughput, and reduce fees. These solutions aim to enhance the overall efficiency and performance of blockchain networks. Here are some key technologies and concepts behind Layer 2 scalability solutions:1. State Channels:Overview:State channels are off-chain, bi-directional payment channels that allow participants to conduct multiple transactions withou...
Layer 2 Solutions: The Tech Behind the Scalability
Layer 2 solutions are technologies built on top of existing blockchain networks (Layer 1) to address scalability issues, improve transaction throughput, and reduce fees. These solutions aim to enhance the overall efficiency and performance of blockchain networks. Here are some key technologies and concepts behind Layer 2 scalability solutions:1. State Channels:Overview:State channels are off-chain, bi-directional payment channels that allow participants to conduct multiple transactions withou...
