Layer 2 Blockchain: It's Challenges In The Blockchain Network

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Hello fam,

It is your favourite blogger @mato445 and I am happy to make this interesting post in this community today.

Today we will be learning about layer-2 blockchain, and precisely about the challenges we might encounter making use of it.

We understood layer-2 blockchain to be a secondary protocol that is designed on a primary blockchain, which we have understood to be layer 1 blockchain.

And we know that the layer 2 blockchain plays a very important role in enhancing scalability and transaction speed of the blockchain network.

We shall be examining some of it's challenges today.

DIS-ADVANTAGES OF LAYER-2 BLOCKCHAIN

Although the layer-2 blockchain offer several advantages in the cryptospace, it not without dis-advantages, and we shall explore some of these dis-advantages in details.

• LIMITED SECURITY MODELS:

One dis-advantages of layer-2 blockchain is related to security issues.

It is feared that the layer-2 blockchain might bring a compromise to the security model of the underlying layer 1 blockchain.

While the layer1 blockchain may posses strong security models, vulnerabilities might be introduced by the layer-2 blockchain especially if a different consensus mechanism is being employed.

With this, users could be exposed to potential risk and this will reduce the trustworthiness of the whole blockchain ecosystem.

• DECENTRALIZATION TRADE OFF:

Another dis-advantage of layer-2 blockchain is it's impact on decentralization.

Layer 2 solution is often associated with trade-off that can bring a compromise to the decentralized nature of the blockchain networks.

For example, a layer-2 solution may depend on a few number of trusted validators, thus creating a more centralized system, which is in contrast to the decentralized ethics of many blockchain project.

This centralization can result in issues relating to censorship resistance and the general trustworthiness of the blockchain network.

• INTEROPERABILITILY CHALLENGES:

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The challenge of interoperabilitily is another challenge faced by the layer 2 solution.

As several layer 2 solution emerges, it becomes complex to achieve seamless communication and compatibility between different protocols.

Interoperabilitily can be hindered by a lack of standardization and this can make it a challenge for developers and users to utilize and navigate different layer 2 solution across several blockchain platforms.

The growth and widespread adoption of layer-2 technologies can be impeded by this fragmentation.

• COMPLEXITY AND DEVELOPMENT CHALLENGES:

The implementation and maintainance of the layer 2 solution can be resource intensive and complex.

Developers may encounter challenges in the creation and maintenance of sophisticated layer-2 blockchain protocols, which may eventually result in security vulnerability, potential bugs and a stunted development process.

Developers may be prevented by this complexity from adopting the layer-2 solution, and this may create an entry barrier into the space.

• SCALABILITY CHALLENGE

Another dis-advantage of layer-2 blockchain is the challenge it encounters in improving scalability of the network.

Some of the scalability improvement that layer-2 blockchain has achieved may at times come as a result of sacrificing some unique features present in layer1 blockchain

While the layer-2 solution may experience significant progress in processing a high volume of transaction in the network, they may lack the robust security measures that was present in the layer 1 blockchain.

This trade-off between scalability feature and security is of great concern in the cryptospace, especially to application whose priority is on trust and Immutability.

CONCLUSION

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While there are numerous advantages of the layer-2 solution, it also comes with it's share of dis-advantages.

The trade-off between security and scalability, the interoperabilitily Challenge and others makes a contribution to the complex landscape surrounding the layer-2 solution.