Blockchain industry | What is a Layer 2 network?
A Layer 2 network is a scaling network built on top of the Ethereum mainnet. It processes transactions off-chain and then writes the data back to the mainnet.
Layer 2 security mainly relies on the Ethereum mainnet: data and proofs ultimately have to be recorded on the mainnet. This is one important difference between Layer 2 networks and independent public blockchains.
$ARB and $OP are the governance tokens of Arbitrum and Optimism, respectively.
Understanding the principles helps you make more informed decisions; it is not a way to predict price movements.
#ARB
A Layer 2 network is a scaling network built on top of the Ethereum mainnet. It processes transactions off-chain and then writes the data back to the mainnet.
Layer 2 security mainly relies on the Ethereum mainnet: data and proofs ultimately have to be recorded on the mainnet. This is one important difference between Layer 2 networks and independent public blockchains.
$ARB and $OP are the governance tokens of Arbitrum and Optimism, respectively.
Understanding the principles helps you make more informed decisions; it is not a way to predict price movements.
#ARB
