exploration of level 2 solutions for a nearby protocol (close)
The rapid development of the cryptocurrency market has led to an increase in admission and interest in developing technologies, in particular regarding scalability and decentralization. One of those technologies that attracts significant attention is similar to the protocol (nearby), a decentralized application platform (DAP), which aims to ensure quick and low transactions via the Ethereum network.
What is the nearby protocol?
Near the protocol there is an Open Source consent algorithm, coordination (POS), which allows the nearby (close) protocol to obtain faster transactions and lower commissions than traditional etals. In nearby Blockchain uses a level 2 reduction solution to download heavy lifting of complex transactions from the main, which makes it more efficient and scalable.
level 2 solutions to a nearby protocol
Level 2 solutions are the basic elements to enable effective reduction of the close (close) protocol. The level 2 solution is a technical infrastructure that allows faster processing of transactions without devoting security or decentralization. In the context of neighbors, several solutions were proposed and implemented at level 2.
1. Optimism
Optimism is one of the most popular solutions at level 2 for the nearby (nearby) protocol. It was introduced in June 2020 as an algorithm of POS (POS), which uses a new fragment mechanism to download transactions from the main. The architecture of optimism allows you to carry out transactions near Sidechain, reducing delays and commissions.
2. Solana
Solana is another visible Strato 2 solution for a nearby protocol (nearby). It was introduced to the market in June 2020 as a fast, scalable and safe blockchain platform that uses the new Pow-of-Stake consent algorithm (POS). Solan architecture allows you to carry out transactions close to Mainnet without sacrificing security or decentralization.
3. Optimism (level 2)
Optimism is one of the most promising solutions at level 2 for the nearby (nearby) protocol. It provides a quick, safe and scalable way of downloading transactions from Mainnet, making it ideal for large quantities transactions. The architecture of optimism allows you to carry out transactions near Sidechain, reducing delays and commissions.
Advantages of level 2 solution
The adoption of layer 2 solutions has several advantages for the nearby (nearby) protocol, including:
* Increase in transaction speed : downloading complex transactions from Mainnet, level 2 solutions allow almost quickly to procedural transactions, without sacrificing security or decentralization.
* lower commissions
: level 2 solutions reduce transaction commissions, thanks to which it is more accessible to users and traders.
* Improved scalability : reduction of load on mainnet, level 2 solutions enable a nearby (close) protocol to reduce and manage more transactions.
Application
The nearby (close) protocol has gained significant attention in recent years due to the potential of fast and cheap transactions via the Ethereum network. Acceptance of level 2 solutions, such as optimism, Solana and others, enabled faster transactions, lower commissions and better scalability.
Because the cryptocurrency market is constantly developing, it is likely that there will be more solutions at level 2, additionally improving the possibilities of a nearby protocol (nearby). Regardless of whether you are a programmer, investor or user, studying layer 2 solutions is a necessary step to understand the potential benefits and applications of a nearby ecosystem.