Coin-Turk 18 minutes ago
24
Gautham Santhosh, co-founder of Polynomial.fi, warns that Ethereum 
$3,412 Layer 2 scaling solutions may be nearing their limits in efficiently scaling the main network. The rise in user adoption of Layer 2 protocols, which are designed to increase scalability and reduce transaction costs by processing transactions off-chain, signals a growing demand for these systems.
Layer 2 Solutions and Rising Demand
Layer 2 solutions are protocols or networks built on top of layer-1 networks. They focus on enhancing scalability and reducing transaction costs by processing operations off-chain. Since late last year, more users have adopted these protocols for faster and more cost-effective transactions.
Blob Limits and Fees
Blobs are similar to standard transactions but carry extra processing data. Unlike traditional transactions, those containing blobs do not permanently occupy space on the main network and are only accessible for 18 days. Ethereum has a limit of six blobs per block with a target of three, and once this target is met, a base fee is charged to manage demand from Layer 2.
Since No…
License.Read Entire Article
Screenshot generated in real time with SneakPeek Suite
BitRss World Crypto News | Market BitRss | Crypto Deals | Short Urls
Design By New Web | ScriptNet
