📚If you follow the blockchain industry and the digital currency market, it is unlikely that you have not heard of the term second-layer solutions, or as it is known in English as
Layer 2 solutions.
📚Definition:
The term refers to the existence of a network parallel to the mainnet, which solves the problems of transaction speed and scaling difficulties in digital currencies.
⚙️Mechanism of action:
The second layer works to provide multiple solutions to the scalability problem in the blockchain network, which contributes to improving the performance of major networks such as Bitcoin and Ethereum.
Layer 2 protocols create parallel networks that can execute transactions independently of the main network, enhancing network throughput and reducing costs.
:🧐Examples
Among the notable layer 2 solutions are Bitcoin's Lightning Network and Ethereum's Polygon Network, which offer fast transactions and low fees.
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