The scalability of Web3 applications has been greatly found through Layer-2 solutions which were tasked with addressing the downsides in blockchains pertaining to the base layer, such as transaction costs and throughput limitations. With the increased adoption of Decentralized applications and owning the technology of blockchains, Layer 2 has what it takes to scale applications to cater to more users without compromising security or decentralization.
Layer-2 solutions constitute solutions anchored on existing blockchains (Layer-1) like Ethereum. They let transactions and calculations be done away from main chains and are efficient in providing the means by which congestions are reduced and efficiencies increase. Some more popular methods of layer 2 include roll-ups, state channels, and side chains.
Rollups: These are Optimistic and ZK roll-ups. They work by bundling a number of transactions into a single batch, which is then verified onto the mail chain. Not only do these methods reduce the cost of transactions, but they also play a key role in securing the user's transaction. Sidechain works differently, although it shares the main chain. In such sidechains, the transaction is faster and cheaper because it does not have to access the main chain. It has state channels, which allow peer-to-peer transactions off-chain and get final results recorded as a finality on the blockchain.
With these methods, user experiences are generally enhanced in that Web3 applications become faster, cheaper, and usually available. These solutions are critical for DeFi, gaming, and NFT-related platforms that are expected to handle a significant volume of transaction traffic.
By implementing these Layer-2 solutions, a blockchain infrastructure will scale to open up the future of Web3, which is mass adoption and a more efficient decentralized internet.
~ Regards,
VEIGO (Community Mod)
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Layer 2 is definitely here to stay because it will offer a lot of solutions to us
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Many layer to projects are doing great in the market and it's surely opens the door up opportunity for those layer to projects to get more traction and become more big and valuable.
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