Layer 1 vs Layer 2 : What You Need to Know About Different Blockchain Layer Solutionsfleeting
- External reference: https://medium.com/the-capital/layer-1-vs-layer-2-what-you-need-to-know-about-different-blockchain-layer-solutions-69f91904ce40
Layer 1 vs Layer 2 : What you need to know about different Blockchain Layer solutions
Layer-2, on the other hand, is an overlaying network that lies on top of the underlying blockchain.
A state channel is a two-way communication channel between participants, which enables them to conduct interactions
When the entire transaction set is over, the final state of the channel is added to the blockchain
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.
it doesn’t mess with the underlying blockchain protocol
The term “scalability trilemma”
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