If you’ve used Ethereum at any point in 2021, you know it’s slow and expensive. Layer 2 scaling solutions are the answer to making Ethereum usable . Whereas an Ethereum transaction might take 10 minutes and a painful amount of ETH for gas fees, L2 transactions happen instantly with nearly-free fees.
Read moreWhat is the best layer 2 crypto?
The fact is that Ethereum , at the moment, is by far the blockchain that needs layer 2 solutions the most to scale and especially to reduce high transaction costs.
Read moreWhat is a layer 2 crypto?
An independent blockchain acting in concert with Bitcoin or Ethereum , which retroactively became known as a “Layer 1 chain” or “main chain.” Layer 2 chains process new transactions faster while reducing the load on Layer 1 and typically taking much lower fees.
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