Layer 2 solutions are protocols or technologies that are developed on an already existing blockchain network with the aim of enhancing its capabilities and efficiency. These solutions are designed to ...
But First, What Is Blockchain? Blockchain is a fundamental concept in understanding the way cryptocurrency works. But it's not only limited to its application in crypto. The blockchain is a database ...
The term Layer 1 refers to the underlying blockchain architecture in the blockchain ecosystem. However, transaction speed suffers when the mainnet gets busy, causing costly transactions to the end ...
Blockchain technology and decentralized apps are getting a lot of attention these days. As interest in cryptocurrencies grows, so does the focus on the Ethereum price and the mechanics of buying and ...
According to data from L2 Beat, there are 118 layer-2 scaling solutions listed for the Ethereum network as of December 2024. As the Ethereum layer-2 (L2) ecosystem continues to expand and encompasses ...
Discover how real-time crypto gas fee trackers empower traders to monitor fluctuating fees, optimize timing, and implement ...
Ethereum ranks as one of the most popular blockchain networks in use today. There is no denying that the site regularly sees thousands of visitors utilizing its services. The total number of ...
Due to Ethereum’s heavy usage, the network has become congested, and a viable solution is needed. Layer 2 solutions help maintain compatibility with Ethereum and make the blockchain cheaper and faster ...
Ethereum’s Dencun upgrade went live on Wednesday, introducing a mechanism to reduce costs associated with transactions on layer 2 solutions that batch and compress transactions before sending them to ...
When the concept of blockchain technology was introduced to the world back in 2009 with Bitcoin (BTC), the primary focus was on providing a decentralized and secure distributed database technology ...