TLDR
Rise of defi has seen adoption clog the Ethereum network, causing bottlenecks and high transaction fees that render many decentralized applications unusable. Layer 2 solutions deliver a means of increasing transaction speeds and network scaling while retaining the security benefits of the base layer. The shift toward layer 2 solutions, particularly for the Ethereum ecosystem, is apparent. The question remains, though, whether this is a temporary or permanent phenomenon. There are certainly alternative solutions available on the horizon when considering the trade-offs.via the TL;DR App
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Written by rubenmerre | CEO @NGRAVE, Pioneering and perfecting digital protection, so that YOU can take true ownership of what is YOURs!
