We witnessed a watershed moment in cryptocurrency history with the completion of The Merge. The update is expected to increase adoption and reduce energy consumption, making it more environmentally friendly.
Despite significant progress in recent years, scaling the Ethereum network remains difficult. Which L2 solutions do you use to address the issues presented by ETH?
L2 solutions ZK Rollups will be the foundation of Ethereum's go-to strategy in the near and medium term, according to Vitalik Buterin. What are your thoughts on the subject?
Working without Metis, Arbitum, Polygon, or any other long-standing L2 solution has become nearly impossible.
Scalability is provided by the L2 chain, which allows for faster, cheaper transactions while retaining the primary security of the L1 chain. Protocols frequently use L2 to increase scalability by processing transactions off-chain and sending only essential data back to the mainnet. When trading derivatives, an L2 provides more leverage, more liquidity, and lower transaction costs than an L1. Users must be able to bridge back and forth from Ethereum without any lag or reliance on liquidity providers for it to be effective.
What is your solution, and what is your L2 solution?
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