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Layer 2

The Lightning Network: enabling instant and cheap Bitcoin transactions

To understand the Bitcoin Lightning Network – commonly referred to as LN (Lightning Network) – you first need to understand what Bitcoin itself is. Everyone knows that Bitcoin is a so-called “cryptocurrency,” which essentially means decentralized digital money that’s cryptographically secured. This “decentralized” quality of Bitcoin is actually one of its finest qualities and why it has

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What is Sharding?

What is Sharding? Sharding is the process by which a database is split horizontally to spread out the data to make computations more efficient. Take Ethereum for example, sharding could be introduced as a scalability method to increase transaction speeds. It would split the network into a predetermined number of shards, which takes the mainchain’s database

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How Sidechains work

Sidechains were first proposed in 2014 in an academic paper written by Dr. Adam Black, “Enabling Blockchain Innovations with Pegged Sidechains.” The theory behind sidechains was to create scalability on the larger blockchains like Bitcoin and Ethereum. Some of the most popular sidechains include Loom and Polygon. How Sidechains Operate As the biggest blockchains grow

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What are Optimistic Rollups

Ethereum has solidified its own status as a leading network in the blockchain industry. With Ethereum’s rise of popularity and market dominance (which translates to an increase of user activity) comes the cost of scaling. Scalability has been a big issue that drags Ethereum’s momentum, with gas fees being an ongoing issue for several consecutive

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What are Validiums?

In the world of Layer 2’s, there are a lot of new technologies that all try to solve the same problem with Ethereum: scalability. There are four better known technologies that each have a different approach and software type: ZK Rollups, Optimistic Rollups, Plasma, and Validiums. Validiums are most like JK-Rollups but differ in a

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Layer 1 VS Layer 2

Scalability. One of the biggest problems facing many of the popular and very useful blockchains like Ethereum is scalability. While the blockchains are popular, their systems can often not handle as much traffic, processing, and transactions as is required by the users. This is where layers come into play. The term “Layer 1” refers to

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