Is Layer 2 the Solution to Blockchain's Biggest Problem?

The further into the year one travels, the more emphatically affirmative that answer would seem to get.

Layer 2 solutions seek to finally solve scalability problems that have so far plagued leading blockchains like Ethereum and Bitcoin, where increased network congestion leads to rising transaction costs and slower processing times.

Meanwhile, layer 2s can also boost speed and massively cut costs by taking transactions off main blockchains. For example, platforms built on zk-Rollups could batch thousands of transactions off-chain and send back only condensed information to the main chain for verification. This cuts down not only on congestion but upholds the security and decentralization blockchain enthusiasts appreciate.

The global market is demanding efficient blockchain solutions and projects, estimated to reach $39.7 billion by this year. We see a future of more scalable and user-friendly applications as more developers start to build on Layer 2.

Now, at the head of this comes NCOG Earth Chain equipping you as a developer with what you need to get started on creating robust Layer 2 solutions that enhance the user experience without compromising on security. As we're continuing to go further into this exciting frontier, one such question keeps hanging in our heads: will Layer 2 eventually fix many of those long-standing issues with blockchain technology?