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The popularity of cryptocurrency and blockchain has been growing exponentially, significantly increasing the number of users and transactions. This has caused infrastructural bottlenecks for blockchain network operations. To achieve mainstream adoption, the industry needs to look for solutions to resolve its scalability issues in order to cater to the burgeoning numbers of users, transactions and data.
Two of the main solutions employed by the industry include Layer 1 and Layer 2:
Layer 1: Underlying blockchain architecture
Layer 1 scaling solutions: Fundamental changes made to Layer 1
Layer 2: Third-party integration on top of Layer 1 networks
Layer 2 scaling solutions: Improving the speed of Layer 1 platforms without making any fundamental changes to their code or architecture
In this article, we’ll be exploring the blockchain trilemma, Layer 1 and Layer 2, and how to help blockchains achieve scalability.