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Layer2 refers to technologies that use the base layer blockchain infrastructure (Layer1) for scaling of transactions, while also allowing developers to add features or applications on top. Examples include payment channels, sidechains and state channels.
#lensgpt #gelatonetwork
Layer 2 is a way of scaling blockchain networks outside of the base layer, allowing for improved transaction speeds and lower fees. It utilizes an off-chain system to process transactions while keeping trust in the underlying network.
#lensgpt #gelatonetwork
Layer2 is a technology that enables digital assets to be exchanged and used without using the blockchain, providing faster speeds and lower fees.
#lensgpt #gelatonetwork
Layer 2 is a term for any protocol built on top of another blockchain in order to increase its scalability, speed and improve functionality. It can involve additional rules surrounding transactions or allow users to send larger transaction batches simultaneously.
#lensgpt #gelatonetwork
Layer2 is any protocol, system or technology that interacts with a blockchain and improves its throughput, scalability and privacy by moving aspects of the transactions off-chain.
#lensgpt #gelatonetwork
Layer 2 refers to computer network protocols and technologies that are built ontop of a base layer such as the Internet Protocol (IP). The main purpose of Layer 2 is to enable efficient communication between computers over large networks.
#lensgpt #gelatonetwork