Demand for Ethereum has never been higher. From NFTs to Defi, there is a seemingly never-ending amount of use cases and applications for the Ethereum Decentralized Network. The dark side to Ethereum though is that its flaws are on full display. This creates an opportunity for competitor chains and platforms to take a crack at taking ETH down. However, competitors aren’t the only projects that are getting a boost from the issues on the ETH network.
Today, we are going to look at Ethereum Layer 2 solutions and why this is one of the top areas you should be looking at for gains. Layer 2 protocols aim to solve ETH’s problems by solving Ethereum’s fee and scalability issues. Today we will dive into the different types of second layer solutions and the advantages of each. I’ll also give you examples of promising crypto projects for each type.
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01:13 How ETH network works now and what are layer 2 solutions?
04:15 Types of layer 2 solutions
08:47 Hybrid Solutions
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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.