An Overview of Ethereum Layer 2 Scaling Solutions PDF
45 Pages·2021·0.5225 MB·other
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Description:
The rapid increase in the use of Ethereum over the years has proven to have a lot of problems, as users on the Ethereum network experience high gas fees, high transaction costs, and high network congestions. It has been noted that the use of layer 2 scaling solutions could help solve the problems experienced on Ethereum. Due to Ethereum having many different layer 2 scaling solutions, this study compares the different layer 2 scaling solutions to find the optimum layer 2 scaling solution that can help solve the problems experienced on Ethereum. The literature review method used towards the development of this research was a scoping review. This method allowed each paper to be analysed based on depth and comprehensiveness to align with the qualitative nature of the research. The research presents the results using diagrams. The research findings were divided into different aspects of layer 2 scaling solutions. The aspects focused on security mechanisms, transaction costs and scalability of layer 2 solutions. The results reveal that the use of an optimum layer 2 scaling solution on Ethereum can help reduce high gas fees, high transaction costs and high network congestion experienced on the Ethereum network.
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