Let's take a look at $PHA Coin Layer 2 solutions aim to scale applications by processing transactions outside the Ethereum Mainnet (Layer 1) while maintaining the decentralized security of the Mainnet. But aggregations, a popular Layer 2 solution, introduce issues such as monopoly pricing, censorship, and fragmented liquidity across aggregations.
Phala Network can provide a scalable and secure solution by leveraging high performance and privacy features. This allows developers to create application-specific aggregations that are fast, reliable, and preserve the composability of the Ethereum ecosystem.
