Cryptocurrency Q&A Is Loopring a Layer 2?

Is Loopring a Layer 2?

VoyagerSoul Mon Sep 23 2024 | 6 answers 1464

Excuse me, could you please clarify whether Loopring can be categorized as a Layer 2 solution within the realm of cryptocurrency and blockchain technology? I'm interested in understanding if Loopring leverages a separate layer to enhance the scalability and performance of transactions on the Ethereum network, particularly in terms of addressing the congestion and high gas fees that have become increasingly problematic. Would you mind elaborating on this aspect, considering the technical nuances involved? Is Loopring a Layer 2?

Is Loopring a Layer 2?

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