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Sep 1

Layer-2 Ethereum competition

Comparison and competition between Layer-2 solutions on EthereumEthereum has reached its scalability limit. Ethereum processes approximately 500,000 transactions per day, equivalent to 30 transactions per second. For comparison, the Visa payment system can handle up to 150 million transactions per day and 65,000 transactions per second, greatly surpassing Ethereum’s capabilities. In practice, reaching the limits of the blockchain leads to network congestion (where transaction processing can t...

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