Blockchain Scalability Issues and the Solutions Offered by Layer 2 Protocols
At the dawn of the blockchain age, Layer 1 laid the foundation for what has become one of the revolutionary industries in this Millenium. Layer 1 is the underlying main blockchain architecture. Ethereum and Bitcoin chains are considered Layer 1 and although these chains kickstarted the blockchain industry into gear, evolution is inevitable. As a way to meet the needs of scalability, Layer 2 solutions were introduced. How does Layer 2 actually work? Built on top of the Layer 1 network, Layer 2 solutions rely on a server or a grouping of servers. These groupings of servers have