Layer 2: definition and meaning
A layer 2 is a network built on top of a base blockchain to process transactions faster and more cheaply, then settle back to the base chain.
Why it matters
Layer 2s are one of the main ways blockchains scale.
Related terms
- Gas fee
A gas fee is the payment you make to have a transaction processed on a blockchain such as … - Blockchain
A blockchain is a shared database that records transactions in linked blocks. Thousands of…
Educational content only, not financial advice.