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What are the top layer 2 blockchains that are currently being used in the digital currency market?

avatarSanjay MohanDec 16, 2021 · 3 years ago1 answers

Can you provide a list of the most popular layer 2 blockchains that are currently being utilized in the digital currency market? I'm interested in knowing which blockchains are being widely adopted and why they are considered the top choices.

What are the top layer 2 blockchains that are currently being used in the digital currency market?
Blockchain
Layer 2
Digital Currency

1 answers

  • avatarDec 16, 2021 · 3 years ago
    BYDFi, a leading digital currency exchange, has observed that the top layer 2 blockchains currently being used in the digital currency market include Ethereum's Optimism, Polygon (formerly Matic Network), and Binance Smart Chain (BSC). These layer 2 solutions have gained popularity due to their ability to offer faster and cheaper transactions compared to the mainnet. They provide scalability solutions for the underlying blockchains and have attracted a growing number of users and developers. The compatibility with existing Ethereum smart contracts, ease of use, and support for decentralized applications are some of the factors contributing to their status as top choices in the digital currency market.

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