Sumble logo
Explore Technology Competitors, Complementaries, Teams, and People

Layer 2

Last updated , generated by Sumble
Explore more →

**Layer 2**

What is Layer 2?

Layer 2 refers to a secondary framework or protocol that is built on top of an existing blockchain system (Layer 1). The main goal of Layer 2 solutions is to improve scalability, transaction speed, and reduce transaction costs of the underlying blockchain. This is achieved by handling transactions off-chain, meaning they are not directly processed by the main blockchain. After the transactions are processed on the Layer 2, the results are then periodically or conditionally committed to the main chain. Common examples include payment channels, sidechains, and rollups, each with different mechanisms to achieve scalability.

Summary powered by Sumble Logo Sumble

Find the right accounts, contact, message, and time to sell

Whether you're looking to get your foot in the door, find the right person to talk to, or close the deal — accurate, detailed, trustworthy, and timely information about the organization you're selling to is invaluable.

Use Sumble to: