Exploring Layer 2 Solutions for Ethereum

Layer 2 solutions are protocols built on top of Ethereum to increase scalability and reduce fees. Types of Layer 2 solutions: - Rollups: Bundle multiple transactions into a single batch. - State channels: Enable fast, off-chain transactions between parties. - Plasma: Creates child chains for specific use cases. Benefits: - Lower transaction fees - Faster confirmation times - Enhanced scalability Popular Layer 2 projects include Optimism, Arbitrum, and zkSync.