Layer 2 Solution

ley-er too sol-yoo-shuhn

Noun

formal english definition

A network running on top of a base layer protocol like Bitcoin

EXPLAIN LIKE I'M 5-YEARS-OLD (ELI5) definition

A Layer 2 solution is a way to make a computer program faster and cheaper by putting some of the work on another computer. It's like asking your friend to help you with your homework to make it easier and faster.

COMPREHENSIVE definition

Layer 2 solutions are used to improve the efficiency and scalability of blockchain networks by processing some transactions off-chain. The fundamental idea of Layer 2 solutions is to execute some types of transactions off-chain, with only the final settlement recorded on the main blockchain. This can be accomplished utilizing techniques such as state channels, sidechains, and plasma chains.""Layer 2 solutions are used to improve the efficiency and scalability of blockchain networks by processing some transactions off-chain. The fundamental idea of Layer 2 solutions is to execute some types of transactions off-chain, with only the final settlement recorded on the main blockchain. This can be accomplished utilizing techniques such as state channels, sidechains, and plasma chains.

Other local languages
Tagalog definition

Isang network na tumatakbo sa itaas ng isang base layer protocol kagaya ng Bitcoin.

Cebuano definition

Usa ka network nga nagdagan sa ibabaw sa usa ka base layer protocol sama sa Bitcoin.

Ilocano definition

Ti network nga agtartaray ayanti ngato iti ababa nga layer ti protocol iti Bitcoin.