Layer 2 Tech Boosts ETH Transaction Capacity by 20x
CryptoNewsTerminal Staff31 Aug, 2024
Layer 2 Tech Boosts ETH Transaction Capacity by 20x
Cryptocurrency data platform, GrowThePie, recently announced that Layer 2 technology has significantly enhanced Ethereum's (ETH) transaction processing capabilities. According to their report, Layer 2 has increased ETH's capacity by an impressive 20-fold. Layer 2 protocols operate alongside the main blockchain, handling transactions off-chain to alleviate the burden on the primary network. This approach reduces congestion and enables faster and more efficient transaction processing, effectively increasing the network's overall capacity. The implementation of Layer 2 technology is a significant step forward for Ethereum, addressing scalability concerns and enhancing its capabilities as a platform for decentralized applications and smart contracts.
