Layer 2 solutions are protocols or technologies that are developed on an already existing blockchain network with the aim of enhancing its capabilities and efficiency. These solutions are designed to ...

The term Layer 1 refers to the underlying blockchain architecture in the blockchain ecosystem. However, transaction speed suffers when the mainnet gets busy, causing costly transactions to the end ...

As Bitcoin continues to grow in popularity, its original design, which supports only seven transactions per second, often struggles with scalability. This leads to higher fees and slower transaction ...

When the concept of blockchain technology was introduced to the world back in 2009 with Bitcoin (BTC), the primary focus was on providing a decentralized and secure distributed database technology ...

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 ...

Blockchain technology turned upside down the way people thought about money, data, and trust. Simultaneously, this technology faces a number of challenges brought in by growth: speed, scalability, and ...

Scalability is still among the largest challenges facing blockchain networks, especially Ethereum, that now hosts more and more decentralized applications (dApps), decentralized finance (DeFi) ...

At the end of 2019, research firm Forrester and Big Four firm Ernst & Young, or EY, published a report surveying the adoption of public blockchains by enterprises. Findings revealed that 75% of ...

Ethereum ranks as one of the most popular blockchain networks in use today. There is no denying that the site regularly sees thousands of visitors utilizing its services. The total number of ...