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The Rise of Ethereum Layer 2 Scaling Solutions

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I would never predict that with the rise of Ethereum, we will have the opportunity to see the current boom in DeFi as it is now, particularly the explosion in NFTs. However, due to network congestion, ETH can only handle less than 20 transactions per second, producing a significant increase in gas prices. Higher capacity and lower prices are required before these networks can be effectively adopted on a larger scale.

I recall being suspicious about Layer 2 solutions when I initially hear about them. However, after some time of using it, I've noticed a lot of positive aspects of it, one of which is the preservation of the original structure of these solutions. Because the second layer is added as an additional layer, this is conceivable. As a result, L2 systems have the ability to provide high throughput while maintaining network security, which is something we're all looking for.

I'm impressed how all this developed so fast, it was like yesterday I was trying to figure it all out, searching for L2 solutions and now we have plenty of them. Using Bobba and Metis protocol which is similar to Boba Network (it inherits its security from its L1 counterparts) I think that's impossible to work with ETH without these types of tools. What do you think?

There are now so many DeFi services, if I were a newbie at this time I think that it will be tougher to figure it all out than it was for me back then at the begging, cause at that time it was simple cause there wasn't so many protocols, platforms. What is your experience with L2 solutions?

submitted by /u/VirtualClassic9958
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