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How do layer 1 and layer 2 solutions contribute to the scalability of cryptocurrencies?

avatarThales P. ScarpatoApr 03, 2022 · 3 years ago1 answers

Can you explain how layer 1 and layer 2 solutions help improve the scalability of cryptocurrencies?

How do layer 1 and layer 2 solutions contribute to the scalability of cryptocurrencies?
Layer 1
Layer 2
Scalability

1 answers

  • avatarApr 03, 2022 · 3 years ago
    Layer 1 solutions are like the foundation of a building, providing the necessary infrastructure for cryptocurrencies. They improve scalability by making the base layer more efficient and capable of handling a larger number of transactions. Layer 2 solutions, on the other hand, are like additional floors added on top of the foundation. They allow for faster and cheaper transactions by moving some of the workload off-chain. This combination of layer 1 and layer 2 solutions is essential for the scalability of cryptocurrencies.

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