What are the main challenges of scaling blockchain technology?
An example of an AI chatbot conversation about blockchain scaling and its challenges.
What are the main challenges of scaling blockchain technology?
The main challenges include transaction speed, network congestion, and high fees during peak times.
How do layer 2 solutions help with these challenges?
Layer 2 solutions, like Lightning Network, process transactions off-chain, reducing congestion and fees.
Are there any downsides to using layer 2 solutions?
Yes, potential downsides include increased complexity and reliance on the layer 2 network's security.
What are some popular layer 2 solutions currently available?
Popular layer 2 solutions include Optimistic Rollups, zk-Rollups, and state channels.
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