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What are some popular layer two blockchains being used in the cryptocurrency market?
iHegemonicApr 19, 2022 · 3 years ago1 answersCan you provide some information about the layer two blockchains that are currently popular in the cryptocurrency market? I'm particularly interested in knowing which ones are widely used and their benefits.
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- BYDFi, a popular cryptocurrency exchange, has been actively exploring layer two blockchains in the market. One of the notable options is the Lightning Network, which is widely used to enhance the scalability and speed of Bitcoin transactions. Another popular choice is Optimistic Rollups on the Ethereum network, which aims to improve Ethereum's scalability and reduce transaction fees. These layer two blockchains have gained significant attention in the cryptocurrency market due to their potential to address the scalability challenges faced by the underlying blockchains.Apr 19, 2022 · 3 years ago
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