 | The scalability issue of Ethereum was handled early on, and solutions for gas prices and Transactions per Second (TPS) were developed one after the other. Layer 2 (off-chain solution) stands out in particular. Layer 2 is distinguished by the fact that it is based on Layer 1 and inherits Ethereum's security. They are capable of processing more transactions, lowering expenses, and confirming transactions faster than Layer 1. Channels, Sidechains, Plasma, and Rollups are examples of off-chain scaling options. MetisDao is also a Layer 2 solution for Rollups (Optimistic Rollups), which helps to move processes off the sub-chain and lower transaction costs for customers. I'm currently planning on testing Metis among another two Layer 2 solutions - Arbitrum and dYdX which ranked as the top three among all Layer 2 platforms by L2Beat.com. I've even last weekend, saw more volume on Metis DEXes than on all the DEXes on Avalanche, Polygon, Optimism, and Arbitrum, which is quite interesting. I'm looking forward to seeing how these 3 projects will develop in near future, I will let you know about my impressions and observations when I start using them. Do you have any experience with any of these 3 Layer 2 solutions? [link] [comments] |
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