An independent blockchain acting in concert with Bitcoin, Ethereum or other major chain, which retroactively became known as "Layer 1 chains" or "main chains." Layer 2 chains process new transactions ...

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 ...

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 ...

Ethereum (ETH) is the 2nd-largest cryptocurrency in terms of market capitalization at $200 billion. It performed exceptionally well in 2021, rising above $4,000 at its peak in May after beginning the ...

In case you have engaged yourself in research relating to cryptocurrencies or blockchain, you would have definitely come across terms like layer one and layer two protocols. However, it is possible ...