common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

How do layer 1 and layer 2 solutions contribute to the scalability of cryptocurrencies?

avatarStefano AriottaNov 26, 2021 · 3 years ago1 answers

Can you explain how layer 1 and layer 2 solutions help improve the scalability of cryptocurrencies?

How do layer 1 and layer 2 solutions contribute to the scalability of cryptocurrencies?
Layer 1
Layer 2
Scalability

1 answers

  • avatarNov 26, 2021 · 3 years ago
    Layer 1 solutions are like the foundation of a building, providing the necessary infrastructure for cryptocurrencies. They improve scalability by making the base layer more efficient and capable of handling a larger number of transactions. Layer 2 solutions, on the other hand, are like additional floors added on top of the foundation. They allow for faster and cheaper transactions by moving some of the workload off-chain. This combination of layer 1 and layer 2 solutions is essential for the scalability of cryptocurrencies.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions