How do Layer 2 solutions impact transaction speed on Ethereum?
Ethereum can face congestion during peak usage, causing delays and high fees. Layer 2 solutions, such as Optimistic Rollups or zkRollups, process transactions off-chain and settle them on Ethereum periodically. This reduces network load and accelerates transaction times. Companies specializing in Layer 2 development can design and deploy tailored solutions, ensuring dApps, DeFi platforms, and NFT marketplaces perform smoothly without compromising security or decentralization.
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