Hello all. Can anyone explain me in details what are the layer two solutions for Eth ? What main projects are building them? Thank you
Layer 2.0 is designed to solve the scalability problem. This is undoubtedly a priority for Ethereum. For it to realize its vision and become a computer of the world, it needs to handle financial transactions, smart contracts and decentralized applications on its network at a fast pace. Initially, Ethereum could only process 5-15 transactions per second. This did not allow Ethereum to compete with payment systems such as Visa or MasterCard, which handle up to 2 thousand transactions per second. A big difference, right?