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What is L2?
L2, or Layer 2, refers to a set of technologies designed to improve the scalability of blockchain networks. It involves building an additional layer on top of existing blockchains that helps speed up network transactions without having to modify the underlying protocol. By using this layer, transaction times can be reduced and overall throughput increased by reducing the amount of data sent over the main blockchain layer. This allows for more efficient use of resources and greater interoperability among different distributed ledger systems. In addition, it also provides users with access to features such as trustless cross-chain transfers and atomic swaps that are not available on traditional blockchains.
