Will Ethereum Layer-2 chains survive after The Merge? - BitcoinEthereumNews.com
EthereumWill Ethereum Layer-2 chains survive after The Merge?05 / 29 / 2022Balita ng Ethereum ng Bitcoin???? Gusto mo bang magtrabaho sa amin? Ang CryptoSlate ay kumukuha ng ilang posisyon! Ethereum is finally moving to proof-of-stake this year, and with that, the layunin ay upang: “Ultimately address some of the gas fee issues.” One of the primary methods to reduce gas fees are layer-2 solutions. Chains such as Polygon process over 3 milyong transactions per day and have daan-daang milyong of addresses. The question is, will layer-2 networks like Optimism, Boba Network, Arbitrum One, and Polygon be viable after The Merge? We spoke to various web3 founders to get their perspectives on the most significant event in crypto history. Layer-2 solutions Layer-2 networks work on top of the Ethereum network, referred to as Layer-1. There are several types of Layer-2 protocols. Essentially, layer-2s independently process transactions to complete more transactions per second with lower gas fees; the transactions are then registered in the Ethereum blockchain at a later time. If Ethereums move to proof-of-stake achieves its goal of addressing gas fees and transaction volume, then the need for layer-2s becomes reduced. Additionally, the move to proof-of-stake comes with the potential to improve the mechanism for securing the network.