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RE: Steemit Crypto Academy Contest / S13W5 - Layer 2 Blockchain
Greetings 🤗
Just like always, you have presented the topic in a well balanced way. I must appreciate your understanding and research work. Layer 2 is an advanced innovation in the Blockchain technology and the most potential outcome of it is the gain of high degree of scalability in the parent chain.
The high loads of the transactions from the parent chain are transferred to the layer 2 chian and processed there and this thing improves TPS ratio much higher. The examples of the layer 2 solutions that you have presented are also very good.
Good luck with this very excellent entry 😃
Really appreciate your comments. If only most chains will make layer 2 a requirement, adoption of crypto currency as a means of payment will be hastened.