Cryptocurrency Q&A Why is layer 2 necessary?

Why is layer 2 necessary?

Leonardo Sat Aug 31 2024 | 7 answers 1678

Could you elaborate on why the introduction of layer 2 solutions is seen as a necessity within the realm of cryptocurrency and blockchain technology? How does it address the limitations and scalability issues inherent in layer 1, the base blockchain layer? What specific benefits does it offer that makes it a vital component in enhancing the overall functionality and efficiency of decentralized systems? Why is layer 2 necessary?

Why is layer 2 necessary?

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