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A Survey of Layer-Two Blockchain Protocols. (arXiv:2204.08032v3 [cs.CR] UPDATED)
July 27, 2022, 1:20 a.m. | Ankit Gangwal, Haripriya Ravali Gangavalli, Apoorva Thirupathi
cs.CR updates on arXiv.org arxiv.org
After the success of the Bitcoin blockchain, came several cryptocurrencies
and blockchain solutions in the last decade. Nonetheless, Blockchain-based
systems still suffer from low transaction rates and high transaction processing
latencies, which hinder blockchains' scalability. An entire class of solutions,
called Layer-1 scalability solutions, have attempted to incrementally improve
such limitations by adding/modifying fundamental blockchain attributes.
Recently, a completely different class of works, called Layer-2 protocols, have
emerged to tackle the blockchain scalability issues using unconventional
approaches. Layer-2 protocols improve …
More from arxiv.org / cs.CR updates on arXiv.org
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