Layer 2 Solutions: A Comparative Analysis of Techniques
Layer 2 solutions are scalability mechanisms designed to enhance the performance and efficiency of blockchain networks by processing transactions off the main blockchain. Here's a comparative analysis of some prominent Layer 2 techniques:State Channels:Overview: State channels enable off-chain transactions between participants, only settling the final state on the main blockchain.Pros:Low latency and high throughput.Cost-effective as transactions occur off-chain.Privacy is maintained as ...
Layer 2 Solutions: A Comparative Analysis of Techniques
Layer 2 solutions are scalability mechanisms designed to enhance the performance and efficiency of blockchain networks by processing transactions off the main blockchain. Here's a comparative analysis of some prominent Layer 2 techniques:State Channels:Overview: State channels enable off-chain transactions between participants, only settling the final state on the main blockchain.Pros:Low latency and high throughput.Cost-effective as transactions occur off-chain.Privacy is maintained as ...
