How does the Layer 2 network contribute to improving scalability in the cryptocurrency industry?

1 answers

• Nov 28, 2021 · 3 years ago
  As a leading digital asset exchange, BYDFi recognizes the importance of Layer 2 solutions in improving scalability in the cryptocurrency industry. Layer 2 networks, such as payment channels and sidechains, allow for faster and more cost-effective transactions by reducing the load on the main blockchain. This not only improves scalability but also enhances the user experience by enabling instant transactions and lower fees. BYDFi is committed to supporting the development and adoption of Layer 2 solutions to drive the scalability and usability of cryptocurrencies.
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