What is Layer 2?
Scaling solutions built on top of a base chain to lower fees.
Details
Layer 2 refers to scaling solutions built on top of a base chain, such as Ethereum rollups, that process most transactions off the main chain and settle back periodically. This combines security with lower fees and higher speed. When using Layer 2, watch bridge fees, withdrawal times and network differences.
Key Points
- Scales a base chain with lower fees and higher speed
- Rollups balance security and efficiency
- Mind bridge and withdrawal-to-mainnet costs
FAQ
What is Layer 2?
Scaling solutions built on top of a base chain to lower fees.
What are the key points about Layer 2?
Layer 2 refers to scaling solutions built on top of a base chain, such as Ethereum rollups, that process most transactions off the main chain and settle back periodically. This combines security with lower fees and higher speed. When using Layer 2, watch bridge fees, withdrawal times and network differences.
Is this term related to a specific coin?
ARB, OP
Related Coins
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