Crypto Education - Layer 2 Blockchain Solutions Explained | Animation | Cryptomatics

In this video, we will explain what Layer-2 blockchain solutions are and what their purpose is. We will also take a look at the most common types of Layer-2 solutions. Layer-2 scaling solutions increase throughput and do so without tampering with any of the original security or decentralization characteristics that are integral to the original blockchain. Simply put, they take a portion of a Level-1 blockchain’s transactional burden and shift it to another system architecture. The Layer-2 blockchain will then handle the processing load and report to the main blockchain for result finalization. Since much of the data processing is shifted to this adjacent architecture, the Layer-1 blockchain becomes less congested, which, in turn, improves scalability. For example, Bitcoin is a Layer-1 network, and the Lightning Network is a Layer-2 solution that was built to improve transaction speeds on the Bitcoin network. If you enjoyed this video, hit the Like and Subscribe buttons so you'll know when we come up with new episodes! ~~~~~~~~~~~~~~~~~~~~~~~~~~~ 🔥CryptoRobin 👉    / @cryptorobineng   ~~~~~~~~~~~~~~~~~~~~~~~~~~~ - Chapters - 0:00 Intro 0:27 What Are Layer-2 Solutions and How Do They Work? 1:48 Types of Layer-2 Solutions 4:10 Conclusions 5:07 Outro ~~~~~~~~~~~~~~~~~~~~~~~~~~~ ⛓️ 🔗 Useful Links 🔗⛓️ ►www.gemini.com/cryptopedia/blockchain-layer-2-netw… ►coinmarketcap.com/alexandria/article/what-are-cryp… ►medium.com/the-capital/layer-1-vs-layer-2-what-you… ►101blockchains.com/ethereum-layer-2-solutions/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~ #Layer2Solutions #Animation #Cryptomatics #Blockchain #Crypto #CryptoEducation

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