Blockchain QuickStart Guide: Explore Cryptography, Cryptocurrency, Distributed Ledger, Hyperledger Fabric, Ethereum, Smart Contracts, and dApps by Dr. Kalpesh Parikh & Amit Johri

Author:Dr. Kalpesh Parikh & Amit Johri [Parikh, Dr. Kalpesh & Johri, Amit]
Language: eng
Format: epub
Publisher: BPB Publications
Published: 2022-08-15T00:00:00+00:00

Transactions are executed outside of Layer 1 (reduce gas fees)

Data and proof of transactions reside on Layer 1 (maintains security)

A roll-up smart contract that is found on Layer 1 can enforce proper transaction execution on Layer 2 by using the transaction data that is stored on Layer 1.

Ultimately, roll-ups require users like you and me to stake a bond in the roll-up smart contract, which encourages users to verify and execute transactions correctly.

On account of their reducing fees, increasing transaction throughput, and expanding participation roll-ups are useful.

To change the blockchain landscape for the better, Ethereum Layer 2 solutions have some serious potential. Although still being able to transact quickly and at little to no cost for users, Layer 2 solutions ensure that users are able to maintain all the safety measures used on the Ethereum Mainnet.

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