An independent blockchain acting in concert with Bitcoin, Ethereum or other major chain, which retroactively became known as "Layer 1 chains" or "main chains." Layer 2 chains process new transactions ...

Forbes contributors publish independent expert analyses and insights. I write about how fintech is disrupting the financial industry in Asia. While blockchain technology promises transparency and ...

The term Layer 1 refers to the underlying blockchain architecture in the blockchain ecosystem. However, transaction speed suffers when the mainnet gets busy, causing costly transactions to the end ...

Ethereum (ETH) fell from $4,953 in August to around $3,446 by November as Layer 2 networks reduced mainnet fee revenue and token burns. Ethereum’s daily gas fee revenue dropped from over $30M to ...

Layer 2 is an umbrella term to describe solutions that build on top of Ethereum mainnet (layer 1) to improve the scalability of the Ethereum network. There are a number of layer 2 solutions on ...

Layer 2 solutions are protocols or technologies that are developed on an already existing blockchain network with the aim of enhancing its capabilities and efficiency. These solutions are designed to ...

The fourth article in the Bitcoin Layer 2 series. This article covers sidechains, a concept originally proposed by the founders of Blockstream. The original concept of a Bitcoin sidechain was proposed ...

Ethereum (ETH) is the 2nd-largest cryptocurrency in terms of market capitalization at $200 billion. It performed exceptionally well in 2021, rising above $4,000 at its peak in May after beginning the ...