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Layer-2 scaling Solutions

  • Layer-2 scaling solutions are designed to boost transaction throughput and lower costs on top of a Layer 1 blockchain.
  • These solutions handle transactions off chain and settle them on the main blockchain periodically, reducing congestion and transaction costs.
  • Types of Layer 2 solutions range from payment channels to complex smart contract interactions, meeting various demands.
  • These solutions are crucial for addressing scalability, transaction speed, and expensive fees, making blockchain technology more accessible and fostering broader adoption.

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