Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
The growth of Ethereum over recent years has propelled blockchain technology beyond what many thought was possible. As the crypto community eagerly awaits the seemingly ever-delayed Ethereum 2.0 upgrade, many are wondering, could Layer-2 solutions provide the sustainable growth and scaling of the network that is needed?
Successful implementation of Ethereum’s Layer-2 solutions can be said to be important both for the security and overall success of the network, but also the mass adoption of cryptocurrency and blockchain technology. Specifically, scaling solutions are imperative for increased network activity.
Proponents of Ethereum would say that Ethereum is at the forefront of various fields such as payments technology, financial infrastructure, and global enterprise, but with network congestion and gas fees at all-time highs, scaling solutions are highly sought after, as the demand for Ethereum usage far exceeds the capacity of the network.
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