Layer 2

Solutions that operate on top of a main blockchain to improve scalability and reduce costs.

What is it? - Dummies

It's like an extra highway that they build on top of the main road so that there's less traffic and everything goes faster and cheaper.

What is it? - PRO

Layer 2 solutions are protocols that run on the base blockchain (Layer 1) to increase their processing capacity and reduce transaction fees, using techniques such as rollups, state channels or sidechains.

Key points

They maintain the security of Layer 1.

They allow thousands of transactions per second.

Used for gaming, decentralized finance and micropayments.

Sales and disadvantages

Advantages:

Reduce congestion and fees in Layer 1.
Improves user experience.
It facilitates mass adoption.

Disadvantages:

Technical complexity in implementation.
Possible commitments in decentralization.
Layer 1 security dependency.

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