In the meantime, the focus has shifted away from the Ethereum network itself to layer 2 systems like “rollups,” which scale the Ethereum network off-chain while borrowing its essential security guarantees. An entire layer 2 industry has popped up to scale, or increase capacity on, Ethereum, with leading products such as Arbitrum, Optimism and Loopring allowing users to transact at a fraction of the cost of Ethereum, and attracting billions of dollars in combined total value locked (TVL) as a result.
Related posts
-
You Won’t Believe How Much BTC Holders Have Bought Since The Crash
Bitcoin holders have again reaffirmed their faith in the flagship crypto despite its recent price declines.... -
MetaWin Announces Innovative TOKENIZED Tesla Cybertruck Contest on Ethereum’s Base Layer 2 Blockchain – Blockchain News, Opinion, TV and Jobs
London, UK, April 17th, 2024, Chainwire In a pioneering move within the industry, MetaWin in collaboration... -
Bitcoin won’t peak unless it crosses $71K, AI altcoin set to disrupt the market
Disclosure: This article does not represent investment advice. The content and materials featured on this page...