Layer 2 Blockchain Scaling Solutions | Resolving Scalability Issues
Blockchain solutions development has changed various industries by providing decentralization of money, high levels of security, and irreversible record-keeping. Decentralization refers to the meaningful distribution of processing power and consensus throughout a network, while security refers to a blockchain protocol’s protection against bad actors and network assaults. However, there are disadvantages to everything, and one of the most fundamental disadvantages of blockchain is its scalability. Scaling concerns develop when the volume of data passing via the blockchain hits a limit due to the network’s limited capacity.
Layer 2 Scaling is essential because it is the only way for blockchain networks to compete on an equal footing with older, centralized systems. Read more.