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Layer2
What is Layer 2 crypto? Is this technology important to the crypto world?
- January 30, 2024
- Posted by: Bitforum
- Category: Blockchain, Research, Technology
No CommentsThe blockchain trilemma, encompassing scalability, decentralization, and security, forces developers to make trade-offs to ensure effective functionality. Bitcoin and Ethereum, for instance, prioritize security and decentralization at the expense of scalability. While these networks maintain a secure and distributed ledger, the continuous growth in network users leads to lower transaction speeds.