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Layer-2 coins have emerged as a better version of cryptos that users have been already using.
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These assets come with better scalability and are more efficient to be used in real-time.
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Their adoption is growing and they are gaining more value as well.
Layers are the models on which blockchains are designed. All the first-generation cryptocurrencies are Layer-1 coins. They include the likes of Bitcoin, Ethereum, Litecoin, Ripple, etc. As the term quite explains itself, Layer-1 is the initial and base model.
They comprise of fundamentals like data storage, transaction validation, and consensus. It works like a backbone to the coin. But here’s where the problem arises. While the Layer-1 model takes care of the basics, it lacks scalability and efficiency to meet today’s needs. Hence, the developers came up with a secondary model called Layer-2.
This one particularly focuses on the enhancement of the blockchain. It improves the
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