💡What Is L2 Blockchain? 🔹Layer 2 (L2) blockchains are protocols or solutions built on top of existing blockchains to enhance scalability and performance. 🔹They process transactions off-chain or in a more efficient manner while maintaining the security of the main chain. 🚨 Key Points: 🔹L2 solutions reduce the burden on the main chain, allowing for faster and cheaper transactions. 🔹Common L2 solutions include state channels, sidechains, and rollups. 🔹 L2 blockchains improve scalability, making blockchain networks more suitable for various applications.