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amins10
Jun 8

What is a layer 2 blockchain?

As layer 1 blockchains, Bitcoin and Ethereum, have always been plagued by the 'Blockchain Trilemma'. This means that, one of three features (scalability, decentralisation & security) needs to be sacrificed for the blockchain to function For instance, on the Bitcoin and Ethereum Blockchains, scalability is traded for security and decentralisation. So, while data is stored in a secured distributed ledger, these blockchains suffer in terms of transaction speeds, especially as the numbe...
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