2023 CMC Crypto Playbook: The Present and Future of Layer 2 Roll-ups by ConsenSys
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An Overview of Layer 2 Roll-ups Over the past few years, Layer 2 (L2) rollup solutions have come to the forefront as activity on the Ethereum network has grown. Activity and engagement with non-fungible tokens (NFTs) and Decentralized Finance (DeFi) has caused a surge in Layer 1 (L1) blockchain activity. In turn, the demand for blockspace, represented by gas costs, has increased. And the time for transaction finality has risen due to the increased network load. Whilst the Ethereum Merge set the groundwork for future gas fee optimisations; it did not directly reduce transaction gas fees. In the year between
The blockchain industry has seen notable growth in recent times as the enthusiasm around cryptocurrency and decentralized finance (DeFi) is surging day by day. In this run, Ethereum has emerged as one of the most beneficial blockchain networks. Since its launch in 2015, Ethereum has been at the forefront of…