Scaling Blockchains: What Are Layer 2 Solutions And Interoperable Chains?

Summary

• A one-size-fits-all blockchain scalability solution doesn’t exist.
• Ethereum 2.0 and general purpose rollups have the potential to make DeFi, NFTs, and other Ethereum dapps much more accessible and cost-effective, and even provide an efficient framework for micropayments.
• Optimistic rollups currently dominate the layer 2 landscape but general purpose ZK-rollups are coming and can become the preferred layer 2 solution as they offer faster finality and may also offer privacy features.

TU IS

Distributed ledger technology has the potential to solve some of the most prominent problems in the global economy, such as providing financial services to the 1.7 billion people that comprise the global unbanked population.¹ However, the largest