It’s a race to scalability as everyone has their eyes set on L2. Check out our Firsthand look Exploring Layer 2 with Alvin Lee of DeGate!
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Ethereum is undeniably the top blockchain for developers to deploy their Dapps on. However, high gas fees have undeniably inhibited its growth as both users and new developers are gated from participating. The rise of alternative Layer 2 solutions have caught the eyes of many as they seek to address this problem.
Today, we got to take a deep look into the Layer 2 ecosystem with Alvin Lee, lead evangelist at Degate, who shared their thoughts on the current landscape. We touched base on the value proposition of Layer 2’s from security, censorship resistance, to performing a transaction without worrying about it going offline. We also got an overview of the developmental state of various L2 solutions and how they plan to proceed going forward.
Building a system that can support smart contracts is tricky to implement, but with a framework and teams like DeGate, building the future of Ethereum scaling seems not too far off the horizon.
🙌 Together with:
Degate, a Decentralized Layer 2 Exchange based on zk rollups. DeGate will offer secure order-book trading that is faster and cheaper than mainnet. Degate also offers a fast and efficient L1 – L2 Bridge, testnet is operating now. Try it HERE!
🔥 Partner Project Updates
One of Ethereum’s Leading L2s Boba Network closed a massive Series A funding deal to increase their team & grow their ecosystem with hackathons and more, click the image to learn more about how to get involved!
⚠️ DISCLAIMER: Investing in cryptocurrency and DeFi platforms comes with inherent risks including technical risk, human error, platform failure and more. At certain points throughout this post, we might get a commission for promoting certain projects, if this is the case we will always make sure it is clear. We are strictly an educational content platform, nothing we offer is financial advice. We are not professionals or licensed advisors.
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