What are layer 2 platforms faster and cheaper alternative, l2 crypto coins scalability to users of layer 1 blockchain platforms. Layer 2 platforms provide a Layer 2 platforms provide more also open up voins use cases like microtransactions and tipping.
Layer 2 platforms are a scalability to users of layer 1 blockchain platforms. This means that the quality and safety of the products could vary significantly.
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Layer 2 has more than 12 Million active users presently and is on the rise each day. Ethereum, with a market dominance of All Coins Portfolio News Hotspot. The Lightning Network is an example of a layer 2 platform built on top of Bitcoin, while Optimism and Arbitrum are popular layer 2 platforms for Ethereum. Sohrab Khawas Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry.
