The importance of the layer 2 protocol and the ability to scale the Ethereum blockchain
It is so painful that at this point in time people still don't see the beauty with layer 2 project in the cryptocurrency ecosystem and also Ethereum ecosystem to be precise. Permit me to tell you this, but before then, I want to give credit to @infinity058, he is the one that draws my attention into writing about this post. We should learn to give credit to who deserves it. While writing any post, I have learnt that if you get the ideas or you collect some data's from some where you should learn to reference it or try as much as possible to give credit. It will encourage the writer to keep doing well. He will knows that his/her publications is gaining attention. It is so painful that you will steals it and pretend that you are the one that owns the post 100%. I have seen someone copying my content, he is using it else where. Funny enough, he will copy it 100% without removing, adding or changing any word. He will do it word for word. This is so funny I must admit. He is a lazy thief for not trying to even contribute to knowledge . Well, as you knows it, this is an act in the hive ecosystem that is not welcomed or accepted at all. In all you do, it is not a must to blog, if you are tired and don't have any content to bring or write about, it is better to rest and don't blog than to go out hunting for people post. If you are caught in the act you are in problem.
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As for layer two
(2), when it deals and relates to the Ethereum ecosystem, we all can see that it is a topic worth discussing about. One good thing about it is that it will help to educate the people that are in the cryptocurrency ecosystem of how important the layer two (2) has been, especially as it deals and relates to Ethereum ecosystem. W can see that it has really impacted the Ethereum ecosystem positively. The beauty of it is that without you noticing, it has help to see more people in the cryptocurrency ecosystem embracing cryptocurrency compared to how it uses to be before. As being truthful, we all can see that before Ethereum layer two (2) came into existence and place, people have started running from the Ethereum main chain. The reason is simply because of the heavy gas fee, this has been taking care of by the Ethereum layer 2 protocol project.
Why discussing about the Ethereum blockchain and the importance of it layer project, I read where @infinity058 talked about how the layer two has helped to improve the Ethereum blockchain by improving the scalability of the network and deep down along the line there is one thing about it that I have grown to love about. It has reduced the transaction fee that we all have been running from. We all knows that many people hates the Ethereum blockchain simply because of the gas fee. Truth be told, it is just too high I must admit. So, seeing that there is protocols in place to deal with that is an amazing thing.
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Still speaking on gas fee when it deals and relates to the Ethereum blockchain, I have seen a situations where your gas fee at times is bigger than your gain. Take for instant, do you know that you might want to sell a cryptocurrency token worth $30 the gas fee might end ended up being $80. I have seen cases that are worse than this. Instead of speaking much, I am glad that the Ethereum layer 2 protocol have deal with this to some extent, with the layer 2 protocols I have been able to use $0.01 to swap and claim, etc.
Another thing that I love out there is that he said that they have impacted decentralization positively, this is something that deep down no matter what, we should be happy about. We all knows how vital decentralization is, seeing that we are able to dealt with that and at same time maintaining high level of security is something amazing.
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We might have more Ethereum layer 2 protocol out there and mind you, more are still on their way coming but I will just list the once that I am familiar and conversant with, they include;
Arbitrum: Already launched
Optimism; Already launched
Zkynsc; Not launched yet
Starknet blockchains! Not launched yet
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I will end the post here, have a nice day. If you have or know of any other Ethereum layer 2 protocol, you can add it to the list.
Posted Using LeoFinance Alpha