LAYER 2 SOLUTIONS
Layer 2 solutions are blockchain networks that are built on top of existing blockchains, and are designed to increase the scalability and speed of transactions without sacrificing security. Examples include the Lightning Network for Bitcoin, and Ethereum’s upcoming Eth2 network.
Each type of blockchain has its own unique features, trade-offs, and use cases, and the choice of which type to use depends on the specific requirements and goals of the project.
Hello, this is Zohaib.
I'm a certified cryptocurrency expert and professional banker with over 17 years of experience in trade finance and corporate banking. With a passion for technology evangelism and a drive to help people understand complex digital products, I have dedicated myself to providing clear and concise explanations of emerging financial technologies such as cryptocurrencies, blockchain, and other innovative financial products. Through this platform, I seek to share my knowledge and insights with others, helping them to navigate the rapidly evolving landscape of digital finance.