Ethereum is on the verge of enormous growth, aided by the L2 blockchains that complement it.
Furthermore, investors need a framework for how value flows throughout the tech stack to effectively analyze crypto networks, protocols and applications.
In less than two years, we’ve seen transactions on Ethereum’s largest L2 scaling solutions grow by 3,438%.L2s provide execution services to the application layer of the tech stack by batching transactions, compressing the data and ultimately anchoring proofs of the data to Ethereum as L1 transactions .
Every product in a marketplace has substitutes and complements. A substitute is another product you might buy if the first product is too expensive. For example, chicken is a substitute for beef. A complement is a product that you usually buy together with another product. Think gas and cars. Or hot dog buns and hot dogs.
If L2s are complements and continuously drive down costs that enable superior user experiences, this should ultimately drive more usage of the Ethereum L1.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canto to migrate into a ZK-powered Layer 2 on EthereumLayer 1 blockchain Canto is migrating to become an Ethereum Layer 2 that uses zero-knowledge proofs, according to a statement.
Read more »
Canto, Astar blockchains plan migration to Ethereum ecoystem as layer 2sLayer-1 chains Canto and Astar have announced plans to migrate from Cosmos and Polkadot to Ethereum over the last week, re-establishing themselves as a zero-knowledged powered layer 2s.
Read more »
Injective tests inEVM Layer 2 to support Ethereum applicationsCosmos-based Layer 1 blockchain Injective launched its inEVM Layer 2 rollup solution, enabling Ethereum apps to run natively on the network.
Read more »
Polygon's Chain Development Kit Facilitates Canto's Transition to ZK Layer 2 on EthereumPolygon co-founder Sandeep Nailwal said that Canto layer-2 will feature a trustless ZK bridge to Ethereum, which will be 'out-of-the-box.'
Read more »
Layer 1: Non-EVM Blockchains ArchivesLayer 1 Non-EVM Blockchains Data and Charts for Solana, Cardano and Avalanche advanced charts and data provided by The Block.
Read more »