An Overview of Ethereum’s Layer 2 Ecosystem

Mar 31, 2021 | The Block News | 0 comments

an-overview-of-ethereum’s-layer-2-ecosystem

Quick take

  • With the rise in popularity of DeFi applications, the Ethereum network has become increasingly congested, with common transactions costing up to $100 in gas.
  • Early attempts at scaling on layer 2 struggled to gain traction, largely due to limited security and usability of previous implementations.
  • Rollups can inherit security and usability almost completely from layer 1, and may be poised for significant adoption in 2021.

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