Layer-2, on the other hand, is an overlaying network that lies on top of the underlying blockchain.
[2021-03-01 Mon 02:11]
A state channel is a two-way communication channel between participants, which enables them to conduct interactions
[2021-03-01 Mon 02:13]
When the entire transaction set is over, the final state of the channel is added to the blockchain
[2021-03-01 Mon 06:41]
multiple levels of blockchains sitting on top of the main chain. These levels will be connected to each other to form a parent-child chain connection. The parent chain delegates work amongst its child chains. The child chains then execute these actions and send the result back to the parent chain.
[2021-03-01 Mon 06:41]
it doesn’t mess with the underlying blockchain protocol
be able to solve the scalability trilemma. Turing award winner Silvio Micali is building a project called “Algorand,” which is trying to do precisely that
