Vitalik Buterin Commissions Ethereum Layer 2 Update

The Importance of Understanding L2 Solutions for Scalability on Ethereum

A recent conversation with Vitalik Buterin on X platform sheds light on a few important topics regarding L2 networks – the main scalability tool for the Ethereum network. At its core, an L2 solution is a secondary framework or protocol built atop the Ethereum blockchain, designed to increase transaction capacity and speed without compromising the security provided by the main chain, known as layer 1 (L1). This conversation is vital because it helps users understand the types of solutions available and their respective tradeoffs.