What are Layer 2 blockchains

Peace be up you my dear friends, how are you all? I hope that by God's grace and mercy you are all well. Today I'm here to try a very informative blog with you, so let's get started without wasting anytime.




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Layer 2 chains

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This post will surely give you knowledge some knowledge. You guys sometimes listen the words layer 2 chain if you belongs to crypto market. So In order to solve scalability problems and improve the productivity of blockchain networks, Layer 2 chains, sometimes referred to as Layer 2 solutions, are an essential part of the blockchain ecosystem.







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My dear friends, these technologies, which run on top of already existing blockchain systems like Ethereum (ETH), are designed to increase transaction throughput while lowering fees and delay. Some of the famous layer 2 chain that I already know and also these are my favourite are Optimism, Arbitrum and Base. Ethereum gas fee is so high so we can use them.



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### Advantages

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My dear friends, now I will tell you about some benefits of these chains.





* **Scalability**

We all know that scalability is very important in blockchains so Layer 2 chains greatly increase the scalability of blockchain networks. As a result, more transactions can be processed at once and we can enjoy our blockchain mean web 3 journey.






* **Low Fee**


We all know that Ethereum (ETH) gas fee is so high and Layer 2 solutions reduce the expense of carrying out transactions on the primary blockchain by processing transactions off-chain. Faster transactions and reduced fees are advantageous to us.


* **Enhanced Privacy**

My dear friends, privacy is very important and to safeguard user information and transaction details, certain layer 2 solutions use privacy-enhancing strategies such state channels or zero-knowledge proofs. So this was its third and last benefit and very good benefit.


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### Disadvantages

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Everything is not complete if it has advantages, then I surely have some disadvantages. Now let discuss them.




* **Complexity**

My dear friends, Layer 2 solutions demand a high level of technical knowledge and network participant collaboration to implement. Developers integrating these solutions with current blockchain systems must guarantee usability & security etc.


* **Security Risks**

Another disadvantage, new attack methods and possible security holes caused by Layer 2 solutions raise the possibility of losing user money mean our funds. To reduce these threats, strong security protocols and thorough auditing are very necessary and most important.





So these are some advantages and disadvantages that I know about the Layer 2 chains. We all know that advantages and disadvantages are the part of everything thing. I hope that you guys now know about the pros and cons.



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### Conclusion

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My dear friends, Layer 2 chains are essential for solving scalability issues and improving the effectiveness of blockchain networks. The above benefits indicate that these are excellent technologies with a promising future. That was my blog for today. I sincerely hope you gained some knowledge, and thank you so much for visiting. Goodbye, my Steemit family.