Layer 2 blockchain technology: is often referred to as an “off-chain” solution. Its main purpose is to scale blockchain transaction capacity while retaining the decentralization benefits of a distributed protocol. Layer 2 platforms and protocols process data in a way that decreases the burden the base layer (root chain) usually bears. By offloading transactions from the main chain onto layer 2 platforms, the blockchain network can handle much higher transaction throughput.
- September 19, 2019