5 Reasons Why Layer 2 Solutions Will Overhaul FinTech As We Know It

Layer2 is usually an application layer that sits on top of layer1 chains like Ethereum to enable limitless scalability. Layer2 brings much-needed scalability to the blockchain ecosystem by moving transactions off of the main chain to achieve greater efficiency, resulting in higher throughput, quicker transactions, and lower fees. ZKRollups are not all designed to solve the scalability piece of the blockchain trilemma. The two most widely used methods are zero-knowledge roll-ups and optimistic roll-up.